Trade-Based Money Laundering: Risks and Regulatory Responses

Abstract

This report examines the use of trade, principally international trade, to launder the proceeds of crime and the effect that trade-based money laundering (TBML) has on Australian interests. The aim was to assess the nature, extent and ramifications of TBML globally and the possible risks for money laundering in Australia. This research is based on an assessment of a range of publicly available resources from Australian and international government agencies, the private sector and academic research. This was supplemented by background information provided by Australian and international stakeholders and experts.