TBML in top five blogs for fraud and financial crime professionals
Trade-based money laundering (TBML) was one of the five most popular subjects amongst fraud and financial crime professionals in 2021 on blogs managed by FICO, the California-based company best known for its measure of US consumer risk, the FICO score. The other four most popular…
TBML features in ING fraud case
Trade-based money laundering (TBML) was unearthed during investigations into ING Bank’s shortcomings in its anti-money laundering and counter financing of terrorism (AML/CFT) systems. Earlier this week ING Bank paid a fine of €775 million (US$900 million) to settle a money laundering case with the Dutch…
New UK trade association to cover trade-based financial crime
The UK finance and banking industry has a new trade association within which Financial Fraud Action (FFA) UK, the national agency concerned with trade-based and other financial crimes in the industry will operate. UK Finance will also directly take over the operations of the British…
