TBML CONDITIONS IN 2024 REQUIRE THAT COMPLIANCE OFFICERS HAVE AN EFFECTIVE KNOWLEDGE OF ADVANCED AND ESOTERIC TECHNIQUES TO SURVIVE

Global conflict in 2024 has made the identification of Trade-Based Money Laundering a nightmare for compliance officers. The increasing attacks on maritime commerce by the Houthi terrorists, acting on orders of Iran, residual traffic issues at the Panama Canal, Chinese saber-rattling in the South China Sea, and other emerging threats have turned traditional TBML identification upside down. The old Red Flags simply don't work anymore, my friends at international banks who clients are engaged in international trade tell me every day.

To make matters worse, Trade-Based laundrymen have now reportedly turned to moving international trade transactions which are infected with dirty money through banks that normally only have a very few trade clients, and they are using advanced and obscure techniques which are not known to the compliance officers at those banks, as they rarely encounter trade payments.

Therefore, it is humbly suggested that all compliance directors hold internal classes on Advanced TBML forthwith, and diagram for their frontline Transaction Monitoring staff the methods and techniques not found in AML manuals or classes, as compliance officers unfamiliar with them will otherwise pass them off as legitimate responses to the geopolitical trade problems we are experiencing. If you aren't current on them, find a competent professional who is, and have a virtual class immediately. Only then can you meaningfully reduce the risk that your people are missing everything they see.