TCAELaundry

PROPOSED CHANGES TO FATF GUIDELINES AROUND VIRTUAL ASSETS

Ross Delston and Kim Manchester share their insights on Trade-Based Money Laundering (TBML) discussing the dilemma arising from TBML that banks face: that there is never enough CDD, EDD, E2D2, KYC, and KYCC processes and procedures to detect, report and/or mitigate instances of trade-based money laundering.

Screenshot 2021-05-18 092517

THE TRADE-BASED MONEY LAUNDERING DILEMMA

Ross Delston and Kim Manchester share their insights on Trade-Based Money Laundering (TBML) discussing the dilemma arising from TBML that banks face: that there is never enough CDD, EDD, E2D2, KYC, and KYCC processes and procedures to detect, report and/or mitigate instances of trade-based money laundering.