Trade Based Money Laundering

Learning Objectives

•Definition & concept of TBML

•Methods and Stages of Money Laundering

•Sources of Money Laundering

•Major ML methods detected or suspected in Pakistan

•Trade-Based Money Laundering Examples and Red Flags

•Anti-Money Laundering Risk in Trade Finance

•Pakistan’s Initiatives – WeBOC, Electronic E & I Forms

•Issuance of E form & implications

•Mis-utilization of Bill of lading

•Invisible export (software export)

•Afghan trade (COC) facility

•Instruments of Trade Finance & Their Vulnerabilities

•Risk Mitigation and use of modern Technology

•The Financial Action Task Force (FATF)

•The FATF Recommendations

•Anti-Money Laundering Law in Pakistan

•AML/CFT Measures taken by SBP