India’s Bank of Baroda (BoB) has just reported a new trade-based money laundering (TBML) case to the Indian authorities, despite knowing about the fraud for some time. The bank reportedly approached investigation agencies only this month, apparently prompted by concerns… Read More ›
TBML
Rabobank subsidiary involved in TBML fined for obstructing AML probe
A US subsidiary of Dutch financial co-operative Rabobank has been fined US$360 million fine for having processed funds from likely illicit activities. Trade-based money laundering (TBML) featured in Rabobank National Association’s misdemeanours according to court papers. But the most remarkable… Read More ›