Trade-based financial crime (TBFC) was a key agenda item at the 2017 annual conference of the Bankers Association for Finance and Trade (BAFT), where bankers called on more actors in the trade finance chain to help fight this type of criminality.

Bankers expressed concerns that they were shouldered with responsibility for detecting TBFC, and called for other parties in an international transaction – including exporters, importers, freight forwarders, shippers and ports and customs authorities – to cooperate more to combat financial crime.

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