Association of Trade Finance Compliance Professionals Association of Trade Finance Compliance Professionals Association of Trade Finance Compliance Professionals
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    TradeSun’s trade finance compliance platform now integrated with Coriolis’ ESG solution

    by admin August 19, 2022

    TradeSun, a trade finance platform that features artificial intelligence technology that augments human behaviour by learning how employees interact with trade finance documents, and Coriolis Technologies, a trade data and analytics provider, have partnered to launch an integrated solution for banks to measure and verify…

    news, Trade Based Financial crimes News

    NFTs are a new way of TBML says top Dutch financial crime investigator

    by admin May 16, 2022

    Non-fungible tokens (NFTs), the financial securities consisting of digital data stored in a blockchain, can be used in trade-based money laundering (TBML) operations according to Niels Obbink, chief and general director of the Fiscal Information and Investigation Service, the Dutch government agency responsible for investigating…

    news, Trade Based Financial crimes News

    Illicit cryptocurrency transaction activity reaches all-time high in value, all-time low in share of all cryptocurrency activity

    by admin January 21, 2022

    Cryptocurrency-based crime hit a new all-time high in 2021, with illicit addresses receiving US$14 billion over the course of the year, up from US$7.8 billion in 2020 according to blockchain analysis firm Chainalysis. Evidence suggests that cryptocurrencies have been and will be used in trade-based…

    news, Trade Based Financial crimes News

    Pakistan first country in the region to join Tradelens to strengthen TBML controls

    by admin January 3, 2022

    Pakistan Customs has become the first authority in the region to sign an agreement with TradeLens, a blockchain-underpinned logistics platform supported by five out of six of the world’s largest ocean carriers to digitise import-export documentation of containerised cargo. Jointly developed by Maersk and IBM, the…

    news, Trade Based Financial crimes News

    Blockchain and artificial intelligence offer opportunities to curb illicit trade says TBML focused US senator

    by admin December 10, 2021

    Sophisticated modern tools such as blockchain and artificial intelligence offer opportunities to see and analyse information and root out illicit trade according to a US senator who for years has been calling for more action to curb trade-based money laundering (TBML). US senator Bill Cassidy,…

    news, Trade Based Financial crimes News

    GCFFC states its position on beneficial ownership transparency

    by admin September 6, 2021

    All actors fighting financial crime should have instant access to high quality, highly usable beneficial ownership data according to the Global Coalition to Fight Financial Crime (GCFFC). In a newly published position paper, GCFFC states its views on beneficial ownership transparency and its objectives to…

    news, Trade Based Financial crimes News

    UAE launches blockchain platform to curb double-financing and misinvoicing

    by admin April 21, 2021

    The UAE has launched a blockchain-based trade finance platform aimed at curbing double-financing and misinvoicing. UAE Trade Direct then intends turning to other key areas of trade finance, such as digitalising bills of lading and e-invoices and, in time, expects to manage letters of credit…

    news, Trade Based Financial crimes News

    FATF posts video of TBML webinar following landmark publications

    by Mark Ford March 19, 2021

    The Financial Action Task Force (FATF) has posted a 90 minute video of a webinar it held on 18 March 2021 to discuss the most recent trade-based money laundering trends (TBML) and developments. Underlining what appears to an increasingly sharp focus on TBML by the…

    news, Trade Based Financial crimes News

    Komgo and Mitech announce collaboration to guard against fraud and facilitate L/C transactions

    by Mark Ford January 21, 2021

    Commodity trade finance blockchain platform Komgo and specialist trade finance fintech Mitech have announced a collaboration to allow users to create an immutable document to guard against fraud and falsification. The collaboration will also provide users with straight through processing of letters of credit (L/Cs)…

    news, Trade Based Financial crimes News

    Technology and collaboration needed to counter TBML says chief compliance officer

    by Mark Ford November 20, 2020

    HSBC Singapore’s chief compliance officer is calling for continued vigilance, the use of technology, and participation in public-private partnerships to mitigate trade-based money laundering (TBML) risks. In an article for Regulation Asia, Jamil Ahmed discusses these mitigating factors and concludes that financial institutions need to…

    news, Trade Based Financial crimes News
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    US treasury secretary announces international commitment to enhance beneficial ownership transparency
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    FinCEN publishes first guidance on beneficial ownership reporting requirements for businesses
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    UBS, Credit Suisse and US bankers under scrutiny for possible breaches of Russian sanctions
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    Trade Based Financial Crime


    Trade Based Financial Crime

    This online training course provides you with the technical knowledge required to succeed within the trade finance compliance landscape.

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    Latest Articles

    • US treasury secretary announces international commitment to enhance beneficial ownership transparency
    • FinCEN publishes first guidance on beneficial ownership reporting requirements for businesses
    • UBS, Credit Suisse and US bankers under scrutiny for possible breaches of Russian sanctions
    • ABA calls on FinCEN to make changes to proposed beneficial ownership rule
    • Washington continues blitz on third-country entities linked to sanctions evasion

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    Certificate in Trade Finance Compliance (CTFC) CTFC is the new industry certification designed to tackle trade finance based crimes across the globe.

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