Letters of credit (L/Cs) and document collection can protect against trade-based money laundering (TBML) according to a research paper written by a professor at the Bangladesh Institute of Bank Management, Shah Md Ahsan Habib.

He presented the paper, Safeguarding Trade Transactions and Prevention of Trade Based Money Laundering: Role of Correspondent Banks at a half-day long online roundtable discussion which can be viewed on the Zoom communications platform.

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