Nigerian NGO Human and Environmental Development Agenda (HEDA) has published a three part report on policies, laws and practices in the UK and the UAE as well as domestically in relation to the roles of financial and non-financial institutions in the facilitation of illicit financial flows (IFFs).

The lengthy report, which appears substantially based on conclusions drawn from existing research, contemplates trade-based money laundering (TBML), notably as employed by multinationals and commodity traders, and is critical of banking operations and practices in all three countries.

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!