Trading with the Enemy: Trade-Based Money Laundering is the Growth Industry in Terror Finance
- Boston Northeastern University 2016
- 17p.
Terrorism is a persistent threat with no quick and easy solution and trade is not only a critical support system for numerous terror groups, but also the weakest link in the anti-money laundering (AML) infrastructure. Despite substantial efforts, laws, measures and resources devoted to AML/CFT, there has been no systematic review or consistent action with respect to trade, which constitutes the biggest security and crime vulnerability, a black hole undermining the entire control framework. Three global flows need monitoring and analysis for a clear picture of illicit flows: financial, information and trade.
Trade, Corruption, Capital Flight, Money Laundering, Terrorism, Tax Evasion
