Federal investigative agencies have done little to address trade-based money laundering (TBML) according to the final version of a report commissioned by British Columbia into money laundering following revelations of widespread trade-based financial crime in the Canadian province (Trade-based Financial Crime, 12 June 2019).

“This is highly problematic, considering the volume of illicit funds that can be laundered in this way,” says the Cullen Commission Final Report, published on 15 June.

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