Trade-Based Money Laundering Quotes

“​The Financial Action Task Force (FATF) has declared that there are three broad categories for the purpose of hiding illicit funds and introducing them into the formal economy. The first is via the use of financial institutions; the second is to physically smuggle bulk cash from one country or jurisdiction to another; and the third is the transfer of goods via trade.”
― John A. Cassara, Trade-Based Money Laundering: The Next Frontier in International Money Laundering Enforcement