E55: How to combat Trade-Based Money Laundering

Dive into the complexities of Trade-Based Money Laundering (TBML) in this insightful episode.Join us with our guest, Bruce Viney, the Director of Financial Crime Compliance Training at CCL Academy, as we explore TBML's intricacies, how criminals manipulate trade, and the challenges financial institutions and regulated companies face.Get ready for an information-packed discussion covering topics such as:Defining Trade-Based Money Laundering (TBML) and exploring its unique methodsIdentifying key indicators, red flags, and risk-management measures to protect against TBMLThe importance of robust KYC processes and supply chain transparency in combating TBMLHarnessing advanced technologies and transaction monitoring systems for TBML detectionRoles of Free Trade Zones, major organizations, and collaborative efforts in mitigating TBML risksAdapting to the latest regulatory updates in AML and compliance related to TBML preventionDon't miss out on this fascinating look into the secretive world of Trade-Based Money Laundering.Enjoy! Hosted on Acast. See acast.com/privacy for more information.