Video on Trade-Based Money Laundering Concept, Red Flags, and Mitigation Measures

Video on Trade-Based Money Laundering Concept, Red Flags, and Mitigation Measures

You must know that trade-based money laundering is one of the ML methods where launderers use business transactions to cover illegal money.

In this method, money launderers use a legitimate business for conducting fake commercial dealings to route the criminal proceedings.

In this video, we provide in-depth information regarding the concept of trade-based money laundering, the potential red flags, and how to identify these red flags.

Besides that, we explain about the various TBML techniques in detail:

  • Over-invoicing
  • Under-invoicing
  • Multiple-invoicing
  • Quality Deviation

We also discuss the best ways to mitigate the risks associated with trade-based money laundering:

  • Customer due diligence
  • Ongoing monitoring

Check out this valuable resource to gain deep knowledge regarding trade-based money laundering.

Chapters

  • 0:00 Introduction to Trade-Based Money Laundering Concept, Red Flags, and Mitigation Measures
  • 0:27 What is Trade Based Money Laundering?
  • 0:48 Techniques used for trade-based money laundering
  • 0:59 Technique 1 – Over Invoicing
  • 1:42 Technique 2 – Under Invoicing
  • 2:01 Technique 3 – Multiple Invoicing
  • 2:36 Technique 4 – Quality Deviation
  • 3:00 Red flags indicators that allow you to recognise suspicious activities
  • 3:57 Measures to Prevent Trade-Based Money Laundering
  • 4:55 Conclusion

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