KYC360 Infographic: MONEY LAUNDERING WITH TRADE FINANCE
12 Dec 2016

In our interconnected world international trade is integral to modern life. Thousands of ships flled with containers traverse the globe each day: microwaves leave a port in South Korea and arrive in Rotterdam, gold mined in Australia is utilized by jewellery manufactures in India, and oil from Venezuela is shipped to factories in China. However, anywhere that value is transferred from one location to another provides an opportunity for the laundering of money. The sheer volume of trade fows, the complexities of foreign exchange transactions, and the long-supply chains involved mean that the fows of illicit funds can be hidden from view.

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