trade-based money laundering
Trade-based money laundering refers to a method of disguising illicit funds by manipulating legitimate trade transactions, where the value or quantity of goods or services is misrepresented, allowing criminals to move and conceal their illicitly obtained wealth.
Requires login.
Related Concepts (1)
Similar Concepts
- anti-money laundering compliance
- anti-money laundering regulations
- bartering and trade exchanges
- cryptocurrency theft and laundering
- cybercrime and cyber money laundering
- drug trafficking
- illicit finance
- illicit trade
- illicit transactions
- money laundering
- money laundering regulations
- money laundering techniques
- money laundering typologies
- regional coordination in tackling money laundering and terrorism financing within economic blocs
- smuggling and trade fraud