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    Bankers say UK exposure to TBML threats will increase post-Brexit

    by admin August 4, 2021

    Trade-based money laundering (TBML) empowers criminals to run free post-Brexit is the title of a new report that concludes that the UK’s vulnerability to TBML will increase as it increasingly focuses on trade with developing countries. Based on interviews with senior TBML experts at large…

    news, Trade Based Financial crimes News

    Art traders likely to become obliged entities in UK’s AML/CFT money laundering act

    by admin August 2, 2021

    Art market participants, including freeport operators that store works of art, are likely to become obliged entities in the UK’s key piece of anti-money laundering and counter financing of terrorism (AML/CFT) legislation, the Money Laundering Regulations 2017 (MLRs). The UK has published a consultation paper…

    news, Trade Based Financial crimes News

    UK follows EU suit to name 21 high-risk countries matching FATF list

    by admin April 14, 2021

    The UK has named 21 high-risk countries in the first anti-money laundering and combatting the financing of terrorism (AML/CFT) regulations framed by the country since Brexit when it withdrew from the EU. The new regulations naming the high-risk countries, which mirror the list of countries…

    news, Trade Based Financial crimes News

    TBML concerns over FTZs if the UK leaves the EU without a deal

    by Mark Ford September 18, 2019

    Concerns are emerging about the British government’s plans to reintroduce free trade zones (FTZs) if the UK leaves the European Union (EU) without a deal. A ‘no-deal Brexit’ would leave the UK with the task of negotiating a raft of new customs agreements and FTZs…

    news, Trade Based Financial crimes News

    Customs and intelligence uncertainty in chaotic Brexit an opportunity for money launderers

    by Mark Ford February 13, 2019

    A chaotic exit of the UK from the European Union (EU) would provide the perfect opportunity for money launderers to take full advantage of uncertainty shrouding customs arrangements and intelligence-sharing agreements according to a specialist in financial crime. Chief Operating Officer of Quantexa, Imam Hoque,…

    news, Trade Based Financial crimes News

    Increased TBML threat when Britain leaves European Union

    by Mark Ford May 16, 2018

    Britain leaving the European Union (EU) will heighten the risk of UK firms becoming involved in trade-based money laundering (TBML) according the agency that leads the country’s fight against serious and organised crime. However, the National Crime Agency (NCA) says the impact of Britain leaving…

    news, Trade Based Financial crimes News

    Latin America to witness more TBML as illicit gold trade flourishes

    by Mark Ford January 18, 2017

    Trade-based money laundering (TBML) is likely to become more prevalent in Latin America where a criminal boom in 2016 has made sales of illegally mined gold potentially more lucrative than the region’s cocaine trade. There are two drivers of the region’s illicit gold rush: higher…

    news, Trade Based Financial crimes News
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    Washington continues blitz on third-country entities linked to sanctions evasion
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    Australia focusing even more on TBML with new multi-agency taskforce
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    FATF updates guidance on beneficial ownership
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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

    • Washington continues blitz on third-country entities linked to sanctions evasion
    • Australia focusing even more on TBML with new multi-agency taskforce
    • FATF updates guidance on beneficial ownership
    • AfDB and CoDA launch US$5.9 million project to address financial crime, money laundering and tax avoidance
    • Stolen chicken-wings may be linked to organised IVTS and TBML schemes

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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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