Common economic sectors and products at risk of trade-based money laundering (TBML) are examined in a list contained in the new report released by the Financial Action Task Force (FATF) in collaboration with Egmont Group to help the public and private sector with the challenges of detecting TBML (Trade-based Financial Crime, 11 December 2020).

The authors of Trade-Based Money Laundering, Trends and Developments say the sector and product list should not be considered a definitive list and point out that one private sector source consulted for the report noted that criminals will exploit any sectors, products, or businesses prone to gaps in anti-money laundering (AML) measures.

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