Prevent Misuse of International Trade System and Defeat Financial Crime
Discover a tale from the 1960s when a cargo ship’s innocent furniture shipment concealed a shocking secret in the form of guns and cash hidden among the sofas and tables, unraveling a money laundering scheme. Delve into the complexities of this financial subterfuge: how a seemingly routine transaction involving guarantees from a bank turned unknowingly complicit in criminal activities. We invite you to learn about trade-based money laundering’s sophistication—where criminal networks exploit techniques like misinvoicing.