Authorities in Italy and Spain have arrested 33 suspects in a coordinated action against a globally active money laundering criminal network according to the EU police agency, Europol. It says those arrested allegedly laundered drug profits generated in Europe, by… Read More ›

TBML
TBML increasingly prevalent across Europe and beyond says head of Ireland’s fraud squad
Trade-based money laundering (TBML) has recently become more prevalent across Europe according to the head of Ireland’s Garda National Economic Crime Bureau (GNECB), detective chief superintendent, Pat Lordan. Speaking to Irish new channel, The Journal, at the European Anti-Financial Crime Summit… Read More ›
Police halt illicit gold mining operations in Uganda with suspected links to TBML
Police in northern Uganda have charged 31 Kenyan citizens for illegally mining gold in Uganda. The police have now put a halt to their mining operations, which they suspect may be linked with trade-based money laundering (TBML) activities connected to… Read More ›
TBML unearthed in FinCEN’s first enforcement action against a trust company
Transactions with connections to a trade-based money laundering (TBML) scheme have been revealed in an investigation by the US treasury department’s Financial Crimes Enforcement Network (FinCEN) that has resulted in a US$1.5 million civil money penalty on South Dakota-chartered Kingdom Trust Company… Read More ›
J P Morgan’s digital TBML and sanctions red flag platform goes live says Cleareye.ai
California-based artificial intelligence (AI) and machine learning (ML) platform Cleareye.ai has announced that its strategic alliance with J P Morgan’s trade and working capital operations went live with the ClearTrade Compliance module in January. The module automates the identification of high-risk… Read More ›
TBML focus in UK government’s new economic crime plan
The UK government says it will establish a new trade based money laundering (TBML) strategy in the fourth quarter of 2023 as part of the country’s new Economic Crime Plan 2, 2023-2026. A government statement says that it will also… Read More ›
Australia focusing even more on TBML with new multi-agency taskforce
The Australian Federal Police (AFP) is launching a multi-agency taskforce to target criminals who are laundering tens of millions of dollars in Australia every day to bankroll lavish lifestyles and further crime. Taskforce Avarus will target criminal syndicates involved in,… Read More ›
Stolen chicken-wings may be linked to organised IVTS and TBML schemes
The alleged theft of US$1.5 million of chicken wings by a former director of food services of a school district in Chicago may be linked to a major money laundering ring that was apparently disabled four years ago. Vera Liddell… Read More ›