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FATF and Egmont Report on Trade Based Money Laundering

07/04/2021

The above published a joint report at the end of 2020 and supplemented this with a further document last month. Details are as follows:

In December 2020, a report on trade-based money laundering that provides a detailed insight into emerging risks, and outlines a number of best practices for authorities to mitigate this threat. (https://www.fatf-gafi.org/publications/methodsandtrends/documents/trade-based-money-laundering-trends-and-developments.html for more information)

In March 2021, this report was further supplemented with a list of risk indicators intended to help private sector companies detect trade-based money laundering. (https://www.fatf-gafi.org/publications/methodsandtrends/documents/trade-based-money-laundering-indicators.html for more information)

The FATF also held a webinar last month to discuss the most recent trade-based money laundering trends and developments. A link to a recording is given below (it runs for approx. 100 minutes).

https://www.youtube.com/watch?v=ZEhuJP4hrG0&t=15s

 


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