Trade-Based Money Laundering: Seek, Detect, and Prevent

The trends and typologies used by criminals are forever evolving in method and complexity.

Boston, April 1, 2021 – Given the vast volume of goods moving both within countries and across borders as well as the complex network of people and businesses involved, trade provides an ideal mechanism for money laundering. To have any real chance of identifying any financial crime risks, financial institutions need to holistically assess their clients’ activities across their product usage.

This Impact Report looks at solutions being deployed to identify and mitigate TBML using a combination of current and future technologies, processes, and data. This report draws upon the experience of contributing author Dr. Graham Baldock, a leading authority on TBML, anti-bribery, and corruption. It also draws upon industry research, including a survey of global banking executives, and information from numerous briefings with global industry players in this space as well as vendors providing solutions to combat TBML.

This 31-page Impact Report contains four figures and six tables. Clients of Aite Group’s Fraud & AML service can download this report, the corresponding charts, and the Executive Impact Deck.

This report mentions Accuity, Alessa, BAE Systems, Bottomline Technologies, Brighterion, ComplyAdvantage, CSI, DataVisor, Dow Jones Risk & Compliance, EastNets, EY, Featurespace, Feedzai, FICO, Fiserv, GBG, Genpact, Global Compliance Institute (GCI), Hawk:AI, IBM, Inform GmbH, Innovative Systems, Jack Henry, Jocata, KYC2020, LexisNexis Risk Solutions, Lucinity, Napier, Neterium, NICE Actimize, Oracle,, PwC, Quantexa, Refinitiv, SAS, Sanction Scanner, Socure, SWIFT, ThetaRay, TigerGraph, Tookitaki, Unit21, Verafin (Nasdaq), and Wolters Kluwer.

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