Webinar: Trade-Based Money Laundering

Publication details

Language

English

Country

Trade-based money laundering is one of the most complex and adaptive methods of money laundering. It has been widely used by many illicit actors to disguise and move the proceeds of crime alongside legitimate trade transactions.  

  • In December 2020, the FATF and Egmont Group of FIUs published a report on trade-based money laundering that provides a detailed insight into emerging risks, and outlines a number of best practices for authorities to mitigate this threat. (FATF/Egmont Trade-based Money Laundering: Trends and Developmentsfor more information)
  • In March 2021, this report was further supplemented with a list of risk indicators intended to help private sector companies detect trade-based money laundering. (Trade-Based Money Laundering: Risk Indicatorsfor more information)

The FATF organised a webinar to discuss the most recent trade-based money laundering trends and developments. During the webinar, experts with various professional backgrounds presented their experience and discussed challenges that public authorities and private sector face with countering this threat. The webinar was attended by almost two thousand public and private sector representatives, in particular experts with practical experience in tackling trade-based money laundering, e.g. law enforcement officers, financial intelligence units analyst, customs services officers, compliance officers of financial institutions and non-financial professions and businesses. 

 

Moderator:   Panellists:        
 
             

Marconi Costa Melo

FATF Risks Trends and Methods Group Co-Chair General Coordinator
Brazilian Financial Intelligence Unit

 

Tamara POLLARD-MAIJER

Co-lead of the FATF/Egmont TBML project
Anti Money Laundering Centre, the Netherlands

Nedko KRUMOV

Senior Officer in the Egmont Group Secretariat

David KANE

World Customs Organisation

Daniel STRACK

Australian Border Force

Marcy FORMAN

Citigroup

Related content

FATF/Egmont Trade-based Money Laundering: Trends and Developments

9 Dec 2020

Using numerous case studies from around the FATF’s Global Network, this new FATF-Egmont Group report aims to help public and private sector with the challenges of detecting trade-based money laundering.
TBML - Trends and Developments cover

Trade-Based Money Laundering: Risk Indicators

11 Mar 2021

The trade-based money laundering: risk indicators supplement the trade-based money laundering: trends and developments report and will help public and private sector identify possible trade-based money laundering.
TBML - Trends and Developments cover