As the coronavirus pandemic continues to disrupt global trade, heightened scrutiny should be exercised by financial institutions and other entities subject to anti-money laundering and counter financing of terrorism (AML/CFT) measures to prevent trade-based money laundering (TBML) according to an associate in the white collar investigations practice of the Paris office of law firm White & Case.

Charlotte Gunka says focus should particularly fall on cash-intensive businesses in the retail sector, companies involved in international trade and shell companies, which, despite the absence of real economic activity, will keep similar volume of financial flows.

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