Association of Trade Finance Compliance Professionals Association of Trade Finance Compliance Professionals Association of Trade Finance Compliance Professionals
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    China’s role in transnational crime and money laundering examined by former intelligence officer

    by admin February 22, 2023

    A former US intelligence officer is alleging that the Chinese communist party is working with big business in widespread transnational crime and money laundering activities. Former CIA intelligence officer and treasury special agent John Cassara examines this scenario as he sees it in a new…

    news, Trade Based Financial crimes News

    Companies in several jurisdictions sanctioned by US for facilitating business with Iran

    by admin November 25, 2022

    Companies in several jurisdictions have been sanctioned by the US for facilitating the sale of hundreds of millions of dollars’ worth of Iranian petrochemicals and petroleum products to buyers in East Asia. This latest tranche of sanctions underlines the determination of the US treasury department’s…

    news, Trade Based Financial crimes News

    Inadequate due diligence and beneficial ownership transparency facilitating US$23 billion illegal fishing industry

    by admin November 16, 2022

    Lax supply chain due diligence and a lack of beneficial ownership transparency are amongst factors allowing one-fifth of the global fisheries market to be captured by operators involved in illegal, unreported, and unregulated (IUU) fishing, a new report from the Financial Transparency Coalition (FTC) and…

    news, Trade Based Financial crimes News

    China’s belt and road initiative to fuel IFFs and TBML

    by admin November 14, 2022

    China’s belt and road initiative (BRI), the massive global infrastructure development strategy aimed at reshaping global trade routes, has improved transport corridors according to a report published by Global Financial Integrity (GFI) and London university’s Kings College. But these improved supply routes are fuelling illicit…

    news, Trade Based Financial crimes News

    Banks caused to violate sanctions to launder millions of dollars for Russian oligarchs and proscribed entities

    by admin November 7, 2022

    US banks were caused to process tens of millions of dollars in schemes to evade sanctions and export controls applicable to Russia according to an indictment charging five Russian nationals and two oil traders with global sanctions evasion and money laundering. The defendants allegedly obtained…

    news, Trade Based Financial crimes News

    Trade misinvoicing the most pervasive form of Chinese money laundering says GFI

    by admin November 2, 2022

    Trade misinvoicing is possibly the most pervasive form of Chinese money laundering according to a new report published by Global Financial Integrity (GFI) which concludes that China plays an extremely impactful role as a source, transit and demand country in many of the most widespread…

    news, Trade Based Financial crimes News

    Eight indicted by US jury operated sophisticated TBML scheme Edit

    by admin August 3, 2022

    Eight individuals indicted by a US jury in Boston for their alleged roles in elaborate money laundering and money transmitting conspiracies operated a sophisticated trade-based money laundering (TBML) scheme that used stolen or fraudulent gift cards to purchase and ship thousands of Apple products internationally….

    Trade Based Financial crimes News

    TBML tops list of increased exposures to financial crimes by Australian financial institutions

    by admin July 11, 2022

    Australian financial institutions have reported increased exposure to trade-based money laundering (TBML) and supply chain corruption amongst various other financial crimes over the past 18-24 months according to the latest LexisNexis True Cost of Compliance Study – Australia. The firms also reported increased vulnerability to…

    news, Trade Based Financial crimes News

    Chinese pastor’s US arrest order linked to TBML scheme

    by admin July 4, 2022

    A US judge has ordered the arrest of a Chinese pastor suspected of being part of a trade-based money laundering (TBML) scheme connected to China, according to a Newsweek report. JianGang ‘Frank’ Lan pastored a church in North Carolina, where agents seized counterfeit Cartier bracelets…

    Trade Based Financial crimes News

    Canada’s federal government failing to address TBML says Cullen report

    by admin June 22, 2022

    Federal investigative agencies have done little to address trade-based money laundering (TBML) according to the final version of a report commissioned by British Columbia into money laundering following revelations of widespread trade-based financial crime in the Canadian province (Trade-based Financial Crime, 12 June 2019). “This…

    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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    Africa AML AML/CFT AML/FCT anti-money laundering Artificial intelligence Asia Bank Secrecy Act (BSA) beneficial ownership blockchain China Corporate Transparency Act counter financing of terrorism Data discrepancies economic sanctions European Commission FATF Financial Action Task Force (FATF) Financial crime compliance Financial Crimes Enforcement Network (FinCEN) FinCEN IFFs illegal wildlife trade Illicit financial flows letter of credit letter of credit money laundering Money laundering Office of Foreign Assets Control (OFAC) Pakistan report Russia Sanctions suspicious activity reports (SAR) suspicious transaction reports (STR) TBML terrorism financing trade-based financial crimes Trade-based money laundering (TBML) trade based money laundering Trade misinvoicing UK under-invoicing US USA US sanctions

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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

    Professional Qualifications

    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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