“Trade Based Money Laundering (TBML) is an important component of the underlying system that supports all transnational crime. It’s far more complex than any other type of financial investigation and requires a lot more co-operation across agencies and across national jurisdictions,” says Mark Giuffre, former special agent for the American Drug Enforcement Administration.
International Chamber of Commerce
There is much rhetoric around the opportunities provided by emerging markets. And there is plenty of discourse around the fact that banks are de-risking and retreating from such areas. The fact of the matter is that some regions of the world are riskier to operate in.