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THE FINANICAL ACTION TASK FORCE (FATF) CONDUCTED A E-LEARNING COURSE ON “TRADE-BASED MONEY LAUNDERING”.

Date: 2021/03/18

The Financial Action Task Force (FATF) believes that a method of trade-based money laundering will be kept as one of main ways to conceal the origins of illegal assets. In this regard, the Financial Information Units of the FATF and Egmont Group jointly published a report on the risks of trade-based money laundering, mitigation of such kinds of threats, and international best practices.

On March 18, 2021, an e-learning course was organized on the latest trends of “Trade-based money laundering” by the FATF and other relevant international organizations. Delegates from the FATF, Egmont Group, the World Customs Organization, the Australian Border Force and Citigroup as a representative of the private sector presented on relevant topics.  

According to a report of the FATF, there were more than 2000 participants, including specialists from international law enforcement organizations for countering trade-based money laundering, customs officials, experts and representatives of the private sector. Specialist from the Financial Information Unit of Mongolia participate in the training.