Trade-Based Money Laundering (TBML) is a global threat that has emerged as one of the most sophisticated financial crimes that exploits global trade systems to conceal illicit funds. Understanding Trade-Based Money Laundering: A Practical Guide provides unique in-depth analysis of different types, techniques, and case studies, along with tools and strategies for prevention and detection. It explores how TBML distorts economies, undermines fair competition, and facilitates criminal activities, such as terrorism, drug trafficking, and human trafficking.
Providing a comprehensive overview of the mechanisms and techniques used in TBML, this book explores the global regulatory framework, underground financial systems, virtual currencies, and gold trade, among other topics. Drawing on a comparative study of anti-money laundering regulations in the Islamic banking systems of the UAE, Malaysia, Sudan, and Pakistan, it offers strategies for future preparedness and a framework for action in the technological era. Readers will gain an understanding of the challenges faced by law enforcement and the importance of international cooperation in addressing this global issue.
This book is an essential resource for students and practitioners with an interest in understanding the practical aspects of money laundering, as well as policymakers, law enforcement agencies, financial regulators, and researchers concerned with combating financial crimes that threaten global development and security.