A Three Course, Served Luncheon is included, Registration is required to attend.
Trade-based money laundering is one of the primary means that criminal organizations use to launder the proceeds of illicit activity and integrate them into the formal economy. According to the Department of the Treasury, TBML is one of the most challenging forms of money laundering to investigate because of the complexities of trade transactions and the large volume of international trade. U.S. law enforcement agencies believe there has been an increase in TBML activity attributable, in part, to U.S. financial institutions' improved compliance with Bank Secrecy Act and anti-money laundering regulations, such as cash reporting requirements.
GAO was asked to examine U.S. agencies' efforts to combat TBML and related schemes. This report describes, among other objectives, (1) TBML-related vulnerabilities in the U.S. financial and trade systems, and the types of criminal organizations that seek to exploit those vulnerabilities; and (2) U.S. agencies' use of available data to detect and combat TBML and related schemes.
|Invited Speaker||0.00 USD|