An interview with anti-corruption expert José Hernandez published this month by the Chartered Professional Accountants (CPA) of Canada provides a comprehensive overview of the global factors making it ever more difficult to “follow the money” in cases of corruption or money laundering.

Hernandez looks at how trade-based money laundering (TBML) schemes can be implemented in the simplest of ways and draws particular attention to the increasing use of third-parties to obscure illicit financial flows, a practice the Financial Action Task Force (FATF) and the Egmont Group have already noted can be an integral component in TBML operations.

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!