Anti-money Laundering Trends: Emerging Issues And Best Practices

By Author: bhawna
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Considering the fact that illicit actors make adjustments to technologies to exploit further advancements, efforts against money laundering require an innovative and deeper understanding of emerging trends in the field. This blog discovers the latest anti-money laundering trends, key AML strategies for combating them, and the challenges expected ahead.

New Issues in Money Laundering

1. Crypto currencies and Block-chain Technologies

Crypto currencies have increasingly been popular, providing anonymity as well as decentralization. The transparency of block-chain is a double-edged sword; its pernicious effect has been criminals' increasingly employing digital assets for money laundering across borders. The layering of funds by exchanging crypto currency and DeFi platforms has become a common phenomenon.

2. Trade-Based Money Laundering (TBML)

TBML is the process of concealing illegal money in legitimate trade transactions. Over-invoicing, under-invoicing, and fake documentation are some of the methods that make it difficult to detect. As international trade continues to expand, ...
... TBML will remain at the top of the list for regulators.

3. Shell Companies and Offshore Accounts

Shell companies continue to be part of the main money laundering operations due to their obscurity. They facilitate the flow of huge amounts of ill-gotten money under the veil of apparently legitimate operations, mostly taking advantage of offshore financial centers with less stringent regulations.

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