Transnational Criminal Organisations (TCOs) continue to highly favour trade-based money laundering (TBML) operations to transport and launder illicit proceeds through the manipulation of international trade and financial institutions according to the US Drug Enforcement Administration’s (DEA’s) recently published National Drug Threat Assessment 2020.

It says illicit funds are used to purchase real or fictitious trade goods, which are then shipped to another country where they are then sold, which allows the value derived from the original illicit activity in the US to move in and out of the country under the guise of legitimate trade transactions.

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