Navigating the TBML Minefield: The Aftermath of India’s Largest Bank Fraud

Twelve years after the Financial Action Task Force’s first advisory report,1 trade-based money laundering (TBML) remains the most sophisticated method to launder illicit funds and move “value” within/across country borders, in the guise of legitimate trade transactions. Hundreds of billions of dollars are laundered via...

The Asia/Pacific Group on Money Laundering (APG), in its annual meeting held on July 19, 2017, adopted the mutual evaluation report of the Macau Special Administrative Region (Macau SAR) of China. The report reviewed the effective manner of implementing measures for anti-money laundering (AML),...