TradeBased Money Laundering (Wiley & SAS Business)

Uncover the financial fraud that funds terrorist organizationsTradeBased Money Laundering is an authoritative examination of this burgeoning phenomenon, now coming under scrutiny in the War on Terror. This book walks you through the signs and patterns of tradebased money laundering (TBML) to help you recognize it when it occurs, and shows you how data and analytics can be used to detect it. Youll learn the common value transfer techniques including invoice fraud, overandunder invoicing, and misrepresentation, and learn why analytic detection systems have yet to be implemented despite the existence of copious data. Case studies from around the world highlight the reallife implications of the concepts and processes presented in the text, giving you a firsthand view of the mechanisms at work inside this expanding illegal market.Tradebased money laundering uses trade to convert large quantities of illicit cash into less conspicuous assets or commodities to evade financial transparency laws and regulations. As an ideal funding mechanism for terrorist groups, the practice is getting more attention even as it increases in scale and spread. This book takes you deep inside TBML to better arm you against its occurrence. Learn the typical value transfer techniques of TBML Examine case studies detailing international examples Discover why institutions have failed to implement detection systems Explore ways in which analytics can identify TBMLAccording to the U.S. State Department, TBML has reached staggering proportions in recent years, and is considered by many to be the next frontier of international money laundering enforcement. TradeBased Money Laundering gives you a battle plan, with expert insight and realworld guidance.