UK Customs Reveals New Strategy to Combat Multi-Billion Dollar Trade-Based Money Laundering Crisis
Summary HMRC has established a dedicated TBML Threats Team and launched major international initiatives to combat trade-based money laundering, including a global summit attended by 20 jurisdictions. The strategy focuses on capability building, engagement, intelligence gathering, and operational activities, while highlighting how criminals exploit the fact that less than 5% of global shipments undergo compliance […]
FATF Report on Trade-Based Money Laundering Trends and Developments
Summary This FATF analysis highlights how criminal organizations increasingly exploit international trade systems to move and launder illicit funds. The report outlines emerging typologies and red flags in trade-based money laundering (TBML), including complex corporate structures, trade mispricing, and the abuse of free trade zones. Analysis The scale and sophistication of modern TBML operations pose […]