Trade-Based Money Laundering: Overview and Policy Issues
- Washington D. C. Congressional Research Service 2016
- 21p.
This report discusses the scope of the Trade-based money laundering problem and analyses selected U.S. government policy responses to address issues of trade based money laundering. It includes a listing of hearings in the 114th Congress that addressed 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
