Trade-Based Money Laundering

Overview, Issues, Perspectives

Buch | Softcover

108 Seiten

2017
Nova Science Publishers Inc (Verlag)
978-1-5361-0543-8 (ISBN)

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Trade-based money laundering (TBML) involves the exploitation of the international trade system for the purpose of transferring value and obscuring the true origins of illicit wealth. TBML schemes vary in complexity but typically involve misrepresentation of the price, quantity, or quality of imports or exports. Financial institutions may wittingly or unwittingly be implicated in TBML schemes when such institutions are used to settle, facilitate, or finance international trade transactions (e.g., through the processing of wire transfers, provision of trade finance, and issuance of letters of credit and guarantees). TBML activity is considered to be growing in both volume and global reach. Although TBML is widely recognised as one of the most common manifestations of international money laundering, TBML appears to be less understood among academics and policymakers than traditional forms of money laundering through the international banking system and bulk cash smuggling. This book discusses the scope of the TBML problem and analyses selected U.S. government policy responses to address TBML. It includes a listing of hearings in the 114th Congress that addressed TBML.

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Erscheinungsdatum	05.01.2017
Verlagsort	New York
Sprache	englisch
Maße	155 x 230 mm
Gewicht	206 g
Themenwelt	Wirtschaft ► Volkswirtschaftslehre ► Finanzwissenschaft
ISBN-10	1-5361-0543-0 / 1536105430
ISBN-13	978-1-5361-0543-8 / 9781536105438
Zustand	Neuware