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 ›

Illicit trade
US customs to increase focus on TBML this year
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 ›
Supply chain visibility needed to see criminals using trade finance to launder money says ADB expert
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 ›
Bipartisan group of senators calls on Biden administration to combat illicit trade and TBML
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 ›
Russian sanctions create incentives for TBML and illicit trade
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 ›
Blockchain and artificial intelligence offer opportunities to curb illicit trade says TBML focused US senator
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 ›
Sharpened focus on illicit trade in natural resources anticipated after UN adopts Kyoto Declaration
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 ›