Countering Trade-Based Money Laundering


Trade-based money laundering (TBML) is an increasingly significant method that criminals use to launder the proceeds of crime.

The Financial Action Task Force (FATF) defines TBML as “the process of disguising the proceeds of crime and moving value using cross-border trade transactions in an attempt to legitimize their illicit origins.” TBML is typically affected through the mis-invoicing of international trade transactions. By fraudulently misreporting the price, quantity, or quality of goods, criminals can quickly move substantial amounts of money or value from one jurisdiction to another.

As the controls for preventing the traditional methods for money laundering and terrorism financing (ML/TF) have become more effective, criminals have employed more complex and sophisticated schemes involving the use of the international trade system. Financial institutions who are engaged in trade need to be particularly vigilant and implement effective TBML-specific control frameworks to protect their institution from being used by illicit actors. There are many consequences to having ineffective controls – facilitation of money laundering or terrorism finance, regulatory penalty, reputational damage, and even the “de-risking” of correspondent banking relationships.

This comprehensive course provides practical guidance to trade finance and other bank practitioners who represent the key gatekeepers in the defense against TBML. A certificate of completion will be issued upon successful completion of a final assessment.

About Open Learning Campus

All registered users of OLC can experience its impact of new features. If you are already registered with OLC you can directly sign in to the new system. If you are a new user then do register to avail of the dynamic learning opportunities from WBG to deepen your knowledge and skills on a variety of development related topics. For example, you will have access to timely resources such as:

  1. Ted like video talks
  2. Podcasts
  3. Formal learnings (i.e., Self-paced courses/Facilitated Courses/MOOCs)
  4. Live events and Knowledge Exchanges
  5. Communities of Practice

You will have access to an extensive catalog of resources through which you can search and discover relevant learning materials.

How to Access the Course Content

To access the course content, please follow the below registration steps:

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Course Details

  • Mode: Self-Paced