AML PROFESSOR’S TRADE DATABASE RAISES RED FLAGS OF POTENTIAL TRADE-BASED MONEY LAUNDERING
August 2nd, 2020
TRADE-based money laundering (TBML) is often hard to spot – that is why criminal networks use this typology. But a careful analysis of detailed trade data can reveal anomalous pricing flagging the possible presence of TBML. This is the key goal of a trade database created by a business professor at the USA’s Florida International University. Prof John Zdanowicz logs USA customs data into his International Trade Alert database and combines it with an analytical algorithm to identify trade flows including products that may be apparently under- or over-valued ...
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