Automate transaction monitoring of Trade-Based Money Laundering (TBML) based on industry standard red flags
The rapid growth in the global economy has made international trade an increasingly attractive avenue to move illicit funds through financial transactions associated with the trade in goods and services. According to the International Narcotics Control Strategy Report (INCSR), hundreds of billions of dollars are laundered annually by way of Trade-Based Money Laundering (TBML). TBML transactions have gained the attention of regulators, who are increasingly citing these illicit activities, in warnings they issue to global financial institutions.
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