Association of Trade Finance Compliance Professionals Association of Trade Finance Compliance Professionals Association of Trade Finance Compliance Professionals
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    Freshly sanctioned Russian entities may turn to established TBML platforms and schemes

    by admin February 23, 2022

    Sanctions imposed by western countries, Australia and Japan on Russian banks, oligarchs and other wealthy individuals in response to Moscow ordering troops into separatist regions of eastern Ukraine may prompt sanctioned individuals and entities to contemplate using trade-based money laundering (TBML) operations to channel funds….

    Trade Based Financial crimes News

    IHS Markit allies with Complidata to provide financial crime due diligence frameworks for trade finance

    by admin July 14, 2021

    Veteran information, analytics and solutions provider to the maritime and trade sector, IHS Markit has announced a partnership with and Complidata, which offers a data driven anti-money laundering (AML) trade finance platform. The partnership will offer customers in trade finance a series of risk and…

    news, Trade Based Financial crimes News
    Money Laundering

    FATF and Egmont release Trade-Based Money Laundering: Risk Indicators

    by Mark Ford March 15, 2021

    The Financial Action Task Force (FATF) and Egmont Group of Financial Intelligence Units have released a new guide for financial institutions and businesses providing a set of trade-based money laundering (TBML) risk indicators for people responsible for compliance, transaction monitoring, investigative analysis, client onboarding and relationship…

    news, Trade Based Financial crimes News

    Trade-based financial crime and misinvoicing in Albania, Kosovo and North Macedonia

    by Mark Ford October 21, 2020

    A new report from the Global Initiative against Transnational Organised Crime has found significant evidence of trade-based financial crime in Albania facilitated by misinvoicing. Illicit Financial Flows in Albania, Kosovo And North Macedonia looks at illicit financial flows (IFFs) all three of the Balkan states. The…

    Trade Based Financial crimes News

    Indian trade mis-invoicing discrepancies revealed

    by Mark Ford April 6, 2020

    Research by a PhD scholar into trade mis-invoicing in India between 2007 and 2017 indicates that patterns of over- and under-invoicing vary by the product as well as by trading partner. Using trade data to reveal discrepancies between reported values of imports and exports according to…

    Trade Based Financial crimes News

    Economic policies encouraging under-invoicing by Argentine fruit growers

    by Mark Ford January 10, 2020

    An increasingly tough raft of economic policies is pushing Argentine fruit growers into under-invoicing their exports to maintain profits. Barriers to exports recently introduced, including the imposition of withholding taxes as well as several indirect obstacles to exports, have led to an increase in tax…

    Trade Based Financial crimes News

    Anti-Illicit Trade Declaration to address all forms of illicit trade

    by Mark Ford November 4, 2019

    Some of the world’s largest companies signed at the 2019 Zermatt Summit a declaration established by two influential Swiss non-governmental organisations (NGOs) to address all forms of illicit trade.  The Anti-Illicit Trade Declaration was launched last year by the NGO that promotes international standards for…

    Trade Based Financial crimes News

    Saudi Arabia and Pakistan agree trade data exchange to curb misinvoicing

    by Mark Ford October 25, 2019

    Saudi Arabia and Pakistan have reached a formal agreement to exchange data on values of imported and exported goods to control under- and over-invoicing. The agreement responds to Financial Action Task Force (FATF) recommendations for Pakistan.

    Trade Based Financial crimes News

    India loses US$13 billion a year through misinvoicing

    by Mark Ford June 17, 2019

    Global Financial Integrity (GFI) has launched what it describes as a comprehensive study regarding estimated revenue losses from trade misinvoicing in India during 2016. When GFI estimated in 2016 the value illicit financial flows (IFFs) from India, the Indian authorities said the Washington-based research and…

    Trade Based Financial crimes News

    Significant under-invoicing of African gold supplied to Dubai

    by Mark Ford May 17, 2019

    Significant amounts of African gold reaching the United Arab Emirates (UAE) in the Middle East are significantly under-invoiced according to analysis by Reuters. Gold smuggling is also a huge problem according to the news agency, which reckons billions of US dollars’ worth of gold is…

    Trade Based Financial crimes News
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    Washington continues blitz on third-country entities linked to sanctions evasion
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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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