Trade-Based Money Laundering - Red Flags, Typologies & Practical Controls

Introduction

Trade-based money laundering (TBML) exploits legitimate international trade to disguise the movement and origins of illicit funds. The complexity of supply chains, pricing arrangements, shipping documentation and cross-border payments can make suspicious activity particularly difficult to identify.

This webinar provides a practical introduction to common TBML typologies and warning signs. It explains how firms can strengthen customer due diligence, transaction monitoring and escalation procedures when dealing with trade-related activity.

It is ideal for AML and compliance professionals, trade finance teams, in-house legal teams, corporate and commercial lawyers, risk managers and advisers to businesses engaged in international trade.

What You Will Learn

This webinar will cover the following:

• How trade can be used to transfer and disguise illicit value
• Common TBML typologies, including over and under-invoicing, multiple invoicing, phantom shipments and the misdescription of goods
• Factors that can make particular sectors, jurisdictions, trade routes and counterparties higher risk
• Documentary red flags across invoices, bills of lading, customs declarations and other trade records
• How to identify pricing anomalies, inconsistent Incoterms, unusual routing and mismatches between goods and customer profiles
• Customer and counterparty due diligence considerations for trade-related relationships
• Practical approaches to monitoring trade transactions and identifying unusual patterns
• How to investigate and escalate concerns while maintaining a defensible decision trail
• Practical control improvements firms can implement to reduce their exposure