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Bankers and the market price of the goods

by Kim Sindberg | February 09, 2017

In the previous newsletter I addressed the newly released “Wolfsberg Group, ICC and the BAFT Trade Finance Principles” – and focused on transaction monitoring on the Trade Finance transactions

In this blog post – and the coming ones I will look at other specific areas of the report.

For this blog post the topic is “bankers and the market price of the goods.”

But first let’s find out why this is even a topic:

No doubt a number of countries face problems in respect of money laundering.

Money laundering can be defined as “the process of creating the appearance that large amounts of money obtained from serious crimes, such as drug trafficking or terrorist activity, originated from a legitimate source.” 1)

It is said (an no doubt true) that a lot of the...Read The Full Post

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