On today’s episode of Extra Credit…In today’s interconnected world, global trade credit is becoming increasingly vulnerable to financial crime. One specific crime it faces is trade-based money laundering (TBML). This is the process of disguising the illegal origin of money through trade transactions, in which goods or services are misrepresented.
With sophisticated fraud schemes evolving rapidly, credit professionals must proactively identify and mitigate these risks before they impact their organizations.
Starring:
⭐Paul Divecchio, consultant at Divecchio & Associates (Franklin, MA)
⭐Esther Hale, ICCE, senior analyst and treasury-global credit at Phillips 66 Company (Bartlesville, OK)
⭐Fred Dons, global head, structured trade finance at Aria Commodities (Zug, Switzerland)
Leave a Reply