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In the middle of the global pandemic, one of Asia’s biggest oil trading companies was busy applying to finance billions of dollars of cargo that didn’t exist. This type of illicit trade has bounced right back with the 2020 economic recovery. It’s so popular that the UK Treasury and Home Office calls Trade Based Money Laundering (TBML) “a favoured . . . technique, which has increased since 2017.”
Trade finance is the grease that keeps the international economy moving and is critical in times like these. Yet, it is also one of the easiest ways for criminals to launder money. Technology can change this. During this 30 minute webinar, R3 experts will share their perspectives on new ways of addressing Money Laundering and Financing of Terrorism using distributed technologies.
During this webinar you will learn more about:
• Reducing friction while managing risk
• Enhancements in data accuracy and control
• Exploring new opportunities for intelligence and trust
• Addressing and resolving the challenges that arise as trade becomes more digitized
