AUSTRAC ISSUES NEW GUIDANCE ON PREVENTING TRADE-BASED MONEY LAUNDERING (TBML)

On 28 October, Regulation Asia reported that the guidance describes the most common TBML methodologies and provides indicators and behaviours to help financial service providers detect and report suspicious activity.

https://www.regulationasia.com/austrac-issues-new-guidance-on-preventing-tbml/

https://www.miragenews.com/trade-based-money-laundering-on-radar-in-new-884003/

https://www.austrac.gov.au/business/how-comply-guidance-and-resources/guidance-resources/preventing-trade-based-money-laundering-australia

https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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