Trade-based money laundering (TBML) empowers criminals to run free post-Brexit is the title of a new report that concludes that the UK’s vulnerability to TBML will increase as it increasingly focuses on trade with developing countries.

Based on interviews with senior TBML experts at large UK banks and backed by a structured literature review, the report finds that both banks and law enforcement struggle to prioritise TBML intelligence discovery due to deficient skills, resources, technology and lack of strong regulatory stimulus.

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