A new approach to terminating trade-based financial crime
By Hassan Zebdeh, Financial Crime Advisor at Eastnets Trade-based financial crime (TBFC) poses a major threat to global finance, siphoning away trillions of dollars every year and eluding even the most vigilant regulators. Techniques like double invoicing, non-shipment of paid-for goods, or over-invoicing are commonly used to disguise illegal activities......