A comprehensive report published by Europol describes how trade-based money laundering (TBML) is used alongside other money laundering typologies by professional money launderers that have established a parallel underground financial system to process transactions and payments away from surveillance mechanisms governing the legal financial system.

Criminal networks are increasingly involved in TBML according to the European Financial and Economic Crime Threat Assessment, which goes beyond the case studies and descriptions of TBML typologies routinely discussed in reports on the subject by examining the contexts in which trade is employed as an integral part of criminal activities.

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!