A bipartisan group of eight republican and democratic US senators has introduced a resolution urging Congress to take steps to more effectively combat international criminal organisations, illicit trade, and the use of trade-based money laundering (TBML). While the main driver… Read More ›
US Customs and Border Protection (CBP) will be increasing its focus on trade-based money laundering (TBML) and tax evasion this year according to CBP’s executive assistant commissioner, AnnMarie Highsmith. Customs officers are at the forefront of efforts to counter TBML… Read More ›
We need to be able to see deep inside supply chains to know whether criminals are using trade finance to launder money says head of trade and supply-chain finance at the Asian Development Bank (ADB), Steven Beck. Replacing paper trails… Read More ›
A bipartisan group of US Senators has introduced Senate Resolution 610 urging the Biden administration to combat illicit trade and the use of trade-based money laundering (TBML). The resolution sponsored by five republican and four democratic senators includes steps the president… Read More ›
Sanctions imposed on Russia create incentives for illicit trade schemes and trade-based money laundering (TBML) involving myriad of illicit methods according to an associate professor at the King’s Russia Institute in London. Alexander Kupatadze, who specialises in organised crime and… Read More ›
Sophisticated modern tools such as blockchain and artificial intelligence offer opportunities to see and analyse information and root out illicit trade according to a US senator who for years has been calling for more action to curb trade-based money laundering… Read More ›
Illicit trade in natural resources – including protected flora and fauna as well as illegally harvested and mined commodities such as timber, metals and stones – is likely to come into sharper focus after the UN’s adoption of the Kyoto… Read More ›