Tough law enforcement used by EU countries to tackle easier to detect types of financial crime may be fuelling trade-based money laundering (TBML), according to research published in the journal, Applied Economics. Estimates of Trade Based Money Laundering within the European… Read More ›
A Chinese national and naturalised US citizen has pleaded guilty to his involvement in a conspiracy to launder at least US$30 million in drug proceeds on behalf of global drug trafficking organisations. Trade-based money laundering (TBML) was used extensively by… Read More ›
Six people have been arrested in the US in connection with their roles in a fraud and money laundering conspiracy based in Ghana involving the theft of tens of millions of dollars. Those arrested employed trade-based money laundering (TBML) operations… Read More ›
Common economic sectors and products at risk of trade-based money laundering (TBML) are examined in a list contained in the new report released by the Financial Action Task Force (FATF) in collaboration with Egmont Group to help the public and… Read More ›
HSBC Singapore’s chief compliance officer is calling for continued vigilance, the use of technology, and participation in public-private partnerships to mitigate trade-based money laundering (TBML) risks. In an article for Regulation Asia, Jamil Ahmed discusses these mitigating factors and concludes… Read More ›
Investigators in the US have ditched their pursuit of money laundering charges against one of the world’s largest gold traders and refiners, Kaloti Jewellery Group. Earlier this year a British High Court found that one of the world’s ‘Big 4’… Read More ›
India’s Special Investigating Team (SIT) is advocating that trade-based money laundering (TBML) should be specifically contemplated in the country’s anti-money laundering (AML) and counter terrorist funding (CFT) laws. The team appointed by India’s Supreme Court is also calling for more… Read More ›