Understand Trade-Based Money Laundering in Simplified Way? WHAT, WHEN, WHERE, WHY, HOW, and WHO and more…
Trade-Based Money laundering accounts for “hundreds of billions” of dollars worldwide. So this article aims to describe all the components of trade-based money including its remediation. WHEN? Trade-Based Money Laundering started to raise its head in 1967 when the government of Colombia passed Decree-Law 444, which established restrictions on foreign exchange and foreign commerce. The…