This session will explore trade-based money laundering (TBML). Although TBML is not as widely understood as other types of money laundering, it might be the most entrenched form of laundering and the one least susceptible to detection and disruption. TBML is insidious and can affect a variety of industries, from freight forwarders to gold brokers to financial institutions involved in trade finance.

This session will provide you the tools necessary to spot behaviors or transactions that could be red flags for TBML. The session will also review how TBML is distinguished from other types of money laundering. Several case studies will be examined and indicators will be extracted from those cases. Finally, the session will cover how technologies such as data analytics, artificial intelligence and blockchain might aid or disrupt those intending to shield illicit behaviors from detection.

You Will Learn How To:

• Identify the red flags of trade-based money laundering
• Examine how new technologies might aid or disrupt those intending to shield illicit financial flows from detection and disruption
• Assess a trade-based money laundering case study