Combating Trade-Based Money Laundering

  • When: November 7, 2018
  • Time: 12PM – 2PM ET
  • Level: All

Trade-based money laundering (TBML) remains a potent problem for AML professionals, with estimates that hundreds of billions of dollars annually are being laundered through increasingly sophisticated schemes. However, armed with knowledge of common typologies – and red flags – indicating possible trade-based laundering conspiracies, compliance professionals can mitigate the risks of the illicit proceeds entering their institutions, as well as investigate and resolve alerts suggesting potential TBML activity. This webinar details practical strategies for combating, detecting and reporting TBML.

Learning Objectives

  • Reviewing recent cases when TBML was used to legitimize criminal proceeds from trafficking in products such as drugs, art, endangered wildlife and black-market commodities
  • Utilizing data analytics and other tools to identify red flags such as potential invoice manipulation, usage of high-risk transshipment points and "carousel" transactions
  • Creating risk-based "Know Your Importer/Exporter" anti-TBML models based on factors such as geography, ownership structure, product lines and transactional activity

Who Should Attend

  • Compliance Officers
  • Risk Managers
  • Technology Officers
  • Industry Consultants


  • Global
  • North America
  • Bank
  • Technology
  • Regulatory Agencies


ACAMS Members Non-Members
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Liat Shetret
  • Liat Shetret, CAMS

  • Senior Advisor – Crypto Policy & Regulation
  • Elliptic


Liat Shetret is a Senior Advisor for Crypto-Policy and Regulation at Elliptic and an international strategic adviser for security and financial integrity and inclusion. For more than 15 years, she has led global capacity-building and technical assistance programs on anti–money laundering (AML), countering the financing of terrorism (CFT), financial inclusion, and countering violent extremism. She has formerly worked at the Egmont Group of Financial Intelligence Units, Citigroup Bank, the Global Center on Cooperative Security, and the U.S. House of Representatives Committee for Homeland Security. She has extensive experience implementing capacity-building assistance programs particularly in emerging markets and developing countries across Africa, the Americas, Europe, and the Middle East. Liat holds a Master of International Affairs degree from Columbia University’s School of International and Public Affairs (SIPA)and a BA in political science and psychology from the University of Illinois. She is also a Certified Anti-Money Laundering Specialist (CAMS).


Joseph Gallion
  • Joseph Gallion

  • Senior Vice President | BSA/AML Special Investigations Unit Manager
  • BB&T Corporation

David Sachs
  • David Sachs

  • Founder and CEO
  • Tomobox