The Financial Action Task Force has named trade-based money laundering (TBML) one of the top three money laundering methodologies in the world. Yet TBML is the least understood, recognized, and enforced of the major money laundering methodologies. It effects individuals, communities, nations, and the integrity of the global financial system. In this talk, John Cassara, former U.S. intelligence officer and Treasury Special Agent, will discuss TBML and value transfer. He will define the terms, briefly discuss the magnitude of the problem, and explain how TBML works. John will give lots of domestic and international case examples. He will then address the efficacy of TBML analytics, enforcement, and compliance countermeasures. John will address the question of whether trade transparency is achievable. His talk will convince you that TBML it is the next and most important AML frontier.
1 ACAMS Credit **Please note that ACAMS credit for this virtual event is available to members of the Chapter only.