AFC Trends & Typologies: Trade-Based Money Laundering TBML and Dual-Use Goods

Overview

Trade-based money laundering (TBML) is a method criminals use to transfer illicit funds across borders by manipulating trade transactions, including over- or under-invoicing and misrepresenting goods. Dual-use goods — items with both civilian and military applications — pose a unique risk within TBML schemes due to their legitimate uses, making them challenging to monitor and control. This webinar will cover TBML techniques and how dual-use goods increase vulnerabilities in trade finance. Attendees will gain insight into identifying red flags, managing risks associated with dual-use goods and navigating regulatory requirements. By understanding the latest TBML trends and compliance practices, participants will be better equipped to implement controls that prevent misuse of trade systems for financial crime.