Trade Based Money Laundering - Basic Techniques, Part 1

In this video, I provide an in-depth overview of trade-based money laundering techniques as highlighted by the FATF in their 2006 guidance on TBML risks. In PART 1, I delve into basic trade-based money laundering techniques, including over- and under-invoicing of goods and services, multiple invoicing, over- and under-shipments, and falsely described goods and services. Dive deeper with a practical example in PART 2:    • Trade Based Money Laundering - Comple...  

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▬▬ CHAPTERS ▬▬
0:00 - Intro
0:50 - Definition of trade-based money laundering
1:59 - Over and under invoicing
2:42 - Examples of over and under invoicing
5:06 - Multiple invoicing
5:47 - Example of multiple invoicing
6:38 - Over and under shipments of goods/services
7:07 - Falsely described goods and services

✅ References:
TBML Trends and Developments: https://bit.ly/33DUivW
FATF Trade Based Money Laundering: https://bit.ly/31CjUr9
The Panama Papers exposed: http://bit.ly/3cjQfrP
Meet global corruption's hidden players: http://bit.ly/3bvjvg4

🌐 Connect with Me: https://linktr.ee/fincrimeagent

DISCLAIMER:
This video is intended for general informational or entertainment purposes only. The views and opinions expressed in this video are those of the author and do not necessarily reflect the original policy or position of people, institutions, or organizations that the owner may or may not be associated with in professional or personal capacity, unless explicitly stated. Furthermore, no endorsement of any criminal activity is expressed or implied.
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For transparency, the video you just watched is NOT sponsored. Some of the links included in this space are affiliate links, and I could earn a small commission if you make a purchase. This will be at no extra cost to you and will allow me to continue making more videos like this one.
© Marco Beranzoni - All rights reserved.
No part of this video presentation may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, mechanical, electronic, photocopying, recording, or otherwise without the prior written permission of the owner.
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