Soaring TBML threatens India’s economy and security
“Trade-based money laundering (TBML) in India soared to a whopping US$674.9 billion for the 10-year period from 2009 to 2018, which reflects the magnitude of illicit trade that has emerged as a major threat to the country’s economy and security,” according to a comprehensive report…
ICC, Wolfsberg Group and BAFT launch TBML awareness video
The International Chamber of Commerce (ICC) in partnership with the Wolfsberg Group and the Bankers Association for Finance Trade (BAFT) has launched a short awareness video in an effort to shed light on trade-based money laundering (TBML). The partnership, which sets guidelines and offers recommendations…
