Trade-Based Money Laundering: Overview, Issues, Perspectives

Ashleigh Young (Editor)

Series: Monetary, Fiscal and Trade Policies
BISAC: BUS045000

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$62.00

Volume 10

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Special issue: Resilience in breaking the cycle of children’s environmental health disparities
Edited by I Leslie Rubin, Robert J Geller, Abby Mutic, Benjamin A Gitterman, Nathan Mutic, Wayne Garfinkel, Claire D Coles, Kurt Martinuzzi, and Joav Merrick

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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 recognized 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 analyzes selected U.S. government policy responses to address TBML. It includes a listing of hearings in the 114th Congress that addressed TBML. (Imprint: Novinka)

Preface

Chapter 1. Trade-Based Money Laundering: Overview and Policy Issues
Rena S. Miller, Liana W. Rosen and James K. Jackson

Chapter 2. The Financial Action Task Force: An Overview
James K. Jackson

Chapter 3. Memorandum to Members of the Committee on Financial Services for the Hearing on ''Trading with the Enemy: Trade-Based Money Laundering is the Growth Industry in Terror Finance''

Chapter 4. Statement of John A. Cassara, former U.S. Intelligence Officer and Treasury Special Agent. Hearing on ''Trading with the Enemy: Trade-Based Money Laundering is the Growth Industry in Terror Finance''

Chapter 5. Testimony of Lou Bock, former Senior Special Agent, U.S. Customs and Border Protection. Hearing on ''Trading with the Enemy: Trade-Based Money Laundering is the Growth Industry in Terror Finance''

Chapter 6. Statement of Farley M. Mesko, Co-Founder and CEO, Sayari Analytics. Hearing on ''Trading with the Enemy: Trade-Based Money Laundering is the Growth Industry in Terror Finance''

Chapter 7. Statement of Nikos Passas, Professor of Criminology and Criminal Justice, Northeastern University. Hearing on ''Trading with the Enemy: Trade-Based Money Laundering is the Growth Industry in Terror Finance''

Index

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