What do you think?
Rate this book
Trade-Based Money Laundering
Uncover the financial fraud that funds terrorist organizations Trade-Based Money Laundering is an authoritative examination of this burgeoning phenomenon, now coming under scrutiny in the War on Terror. This book walks you through the signs and patterns of trade-based money laundering (TBML) to help you recognize it when it occurs, and shows you how data and analytics can be used to detect it. You'll learn the common value transfer techniques including invoice fraud, over-and-under invoicing, and misrepresentation, and learn why analytic detection systems have yet to be implemented despite the existence of copious data. Case studies from around the world highlight the real-life implications of the concepts and processes presented in the text, giving you a first-hand view of the mechanisms at work inside this expanding illegal market. Trade-based money laundering uses trade to convert large quantities of illicit cash into less conspicuous assets or commodities to evade financial transparency laws and regulations. As an ideal funding mechanism for terrorist groups, the practice is getting more attention even as it increases in scale and spread. This book takes you deep inside TBML to better arm you against its occurrence. According to the U.S. State Department, TBML has reached staggering proportions in recent years, and is considered by many to be the next frontier of international money laundering enforcement. Trade-Based Money Laundering gives you a battle plan, with expert insight and real-world guidance.
256 pages, Hardcover
First published November 16, 2015
Ratings & Reviews
Friends & Following
Create a free account to discover what your friends think of this book!
Community Reviews
Displaying 1 - 4 of 4 reviews
March 1, 2024
It's Enforcement Time...
Outstanding book on money laundering
Very important and timely read - especially if you read about things like HSBC, as well as the Vancouver housing market.
Extremely well-researched.
Recommended Reading
Some related books that would be an excellent companion to this:
Wilful Blindness: How a Criminal Network of Narcos, Tycoons and CCP Agents Infiltrated the West
Dirty Dealing: The Untold Truth about Global Money Laundering, International Crime and Terrorism
Crime School: Money Laundering: True Crime Meets the World of Business and Finance
One of the best books on anti-money laundering (AML) I've read.
4.8/5
Outstanding book on money laundering
Very important and timely read - especially if you read about things like HSBC, as well as the Vancouver housing market.
Extremely well-researched.
Recommended Reading
Some related books that would be an excellent companion to this:
Wilful Blindness: How a Criminal Network of Narcos, Tycoons and CCP Agents Infiltrated the West
Dirty Dealing: The Untold Truth about Global Money Laundering, International Crime and Terrorism
Crime School: Money Laundering: True Crime Meets the World of Business and Finance
One of the best books on anti-money laundering (AML) I've read.
4.8/5
August 11, 2021
Important and valuable reference for those involved in trade intelligence and/or enforcement
Trade Based Money Laundering is author John A. Cassara's graduate level sequel to his previous books on the security threats associated with illicit global money transfers. Mr. Cassara spent years investigating international white collar, cash-transfer, and money-laundering crimes having worked for or alongside FinCEN, DHS, HSI, and the FBI. He is a subject matter expert on the topic of terrorist financing. In "Trade Based Money Laundering", Mr. Cassara offers a comprehensive view of how wealth can be moved and cleaned via global trade. The elites, the transnational organized criminals, the shady bankers, and the shadowy terror financiers are exploiting a global trade environment that is almost impossible to police. Yet there are ways to enforce trade laws and mitigate criminal activity. And Mr. Cassara offers several suggestions which I won't disclose here. Because this book is too important to ignore. Unlike say, "The Panama Papers", which sought to expose the off-shore banking and shell company scams of the super-rich via the investigative sleuthing of a few German journalists, Mr. Cassara's is a grown-up examination of the system and how it is exploited regularly, even routinely, by the nefarious characters of the global gangster classes. While not intended for novices. Mr. Cassara includes an appendix to teach the basics of money-laundering to the neophyte reader and recommends that it be read before the rest of the book. I agree. All-in-all, I heartily recommend this book. Especially if international trade enforcement, intelligence or governance is your line of work. I read it for professional reasons as I work as a research consultant in this area. It's a bit of a textbook but one you will learn from if you apply yourself. I recommend that you do.
Trade Based Money Laundering is author John A. Cassara's graduate level sequel to his previous books on the security threats associated with illicit global money transfers. Mr. Cassara spent years investigating international white collar, cash-transfer, and money-laundering crimes having worked for or alongside FinCEN, DHS, HSI, and the FBI. He is a subject matter expert on the topic of terrorist financing. In "Trade Based Money Laundering", Mr. Cassara offers a comprehensive view of how wealth can be moved and cleaned via global trade. The elites, the transnational organized criminals, the shady bankers, and the shadowy terror financiers are exploiting a global trade environment that is almost impossible to police. Yet there are ways to enforce trade laws and mitigate criminal activity. And Mr. Cassara offers several suggestions which I won't disclose here. Because this book is too important to ignore. Unlike say, "The Panama Papers", which sought to expose the off-shore banking and shell company scams of the super-rich via the investigative sleuthing of a few German journalists, Mr. Cassara's is a grown-up examination of the system and how it is exploited regularly, even routinely, by the nefarious characters of the global gangster classes. While not intended for novices. Mr. Cassara includes an appendix to teach the basics of money-laundering to the neophyte reader and recommends that it be read before the rest of the book. I agree. All-in-all, I heartily recommend this book. Especially if international trade enforcement, intelligence or governance is your line of work. I read it for professional reasons as I work as a research consultant in this area. It's a bit of a textbook but one you will learn from if you apply yourself. I recommend that you do.
June 29, 2017
Odebrecht es un perfecto ejemplo de estas estructuras que permiten trasladar valor, riqueza de una jurisdicción a otra con poca trazabilidad.
October 5, 2021
This is the perfect book if you are trying to understand more about trade-based money laundering! Highly recommend whether you work in the field or are trying to get into the field more.
Displaying 1 - 4 of 4 reviews