Trade flows

Trade-based money laundering is acomplex, fluid typology, as hard for regulated businesses to recognise and control as it is for law enforcement to track and investigate. Subject to tightening US sanctions, Iran, with already unrivalled expertise in circumvention (excepting only North Korea), is set to take TBML in the region to another level. Paul Cochrane, Jens Kastner and Keith Nuthall report on techniques in the Middle East, Asia and Latin America.