An Indian money exchange operator or hawala dealer is suspected of employing multiple trade-based money laundering (TBML) techniques in a string of dubious transactions.

Naresh Jain allegedly arranged transactions maybe amounting to billions of US dollars using hundreds of shell companies, produced reams of false documents and operated a maze of bank accounts.

You need to be logged in to view this article.

If you are an existing subscriber please enter your credentials to log in.

To become a member of The Association of Trade Finance Compliance Professionals (ATFCP) click here!