Joint EG-FATF Trade-Based Money Laundering Risk Indicators

Joint FATF-Egmont
Image Credit:

The Financial Action Task Force, in collaboration with Egmont Group has published a list of Trade-Based Money Laundering (TBML) risk indicators. The purpose of the report is to enable individuals in public and private sectors overcome the challenges inherent in identifying trade-based money laundering.

Some of the risk indicators suggestive of criminals laundering money through trade as highlighted by the report include: weak ACT/AML compliance, obvious lack of business activities, complex or illogical corporate structure, and lack of an online presence.

See here to read the full report.

Share This
Share on facebook
Share on twitter
Share on linkedin
Share on email
Share on whatsapp