Trade-Based Money Laundering: The Next Frontier

February 28, 2013

John Cassara, former intelligence officer and Treasury Special Agent, gives an overview of trade-based money laundering and value transfer. He defines the term, briefly discusses the magnitude of the problem, and explains many of the methodologies involved. Trade-based value transfer is the common denominator in most underground financial systems including the black market peso exchange, hawala, and fei-chein. Cassara gives examples of narcotics related trade-based money laundering and explains why examining value transfer is the “next frontier” in international money laundering enforcement.

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