TEXTILE FINISHING AND DYEING COMPANIES SHOULD BE WARY OF UNUSUAL PRICING, LEST IT INDICATES TRADE-BASED MONEY LAUNDERING
October 2nd, 2020
CHEMICAL-based industries such as textile dyeing and finishing need to take care that trades involving products they make, have sold or are bought, are not being abused by money launderers to transfer the value of illicit proceeds across the world.
That is the message of the owner and operator of a specialist database that tracks the risk of products of any kind being exported and imported for the purposes of trade-based money laundering (TBML).
The International Trade Alert database flags significant variations in prices. In some cases, these are honest ...
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