Expert says TBML caused by tariffs and sanctions
An analyst who focuses on the economic foundations of authoritarian rule has warned that tariffs and sanctions drive some states, individuals and multinational firms to pursue international commercial trade using trade-based money laundering (TBML) methods that evade US customs and financial centres.
In a piece for the Stratfor website, Clay Fuller argues that for these actors, illicit money transfers are increasingly disguised as commercial transactions.
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