Trade-Based Money Laundering in Free-Trade Zones Across the World/in the Caribbean

Maria Croes, CAMS-FCI

This white paper illustrates that trade-based money laundering (TBML) is a persistent problem in the free trade zones (FTZs) in the Caribbean. Cases such as La Costa Cartel, Cashkip and the recent seizure by German Customs of 1,580 pounds of cocaine originating from the Caribbean, substantiates that TBML is potentially happening at a large scale.

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