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FIBA: Trade Based Money Laundering (TBML) - Latest Trends and AML Best Practices

Hundreds of billions of dollars are laundered annually through trade. FinCEN and FATF continue to name TBML as a high money laundering and terrorist financing vulnerability. FATF lists the physical movement of goods through the trade system as one of three methods criminal organizations and terrorist financiers use to move money for the purpose of disguising its origins and integrating it into the formal global economy.