Having identified risk exposure, the FATF Recommendations require jurisdictions to use that insight to inform mitigating plans and establish cooperation to support the AML\/CFT system, such as the jurisdictions should adopt a risk-based approach to supervision and in the context of trade-based money laundering<\/a>, this might mean institutions require additional oversight from the supervisory bodies to ensure the effectiveness of any threat mitigation plan.\u00a0<\/p>\n\n\n\n FATF Recommendation requires countries to identify, assess, and understand their ML\/TF risks, and implement subsequent preventative and mitigating measures, which are commensurate with the risks identified. This could include threats and vulnerabilities linked to TBML\/TF. <\/p>\n\n\n\n There are multiple ways of assessing ML\/TF risk exposure, such as a country assesses several different inputs, including intelligence reports, suspicious transaction reports<\/a> (STRs), threat assessments, investigation outcomes, and economic and social indicators, as well as the level of the threat and existing vulnerabilities. <\/p>\n\n\n\n This includes assessing the offenses resulting from the smuggling of illicit commodities, such as arms dealing, drug trafficking, or tobacco smuggling, to launder criminal proceeds. <\/p>\n\n\n\n Others noted TBML schemes associated with predicate offenses<\/a> not reliant on commodity smuggling, such as tax evasion. These schemes require the development of new supply chains and intermediaries as there was no pre-existing commodity supply chain. These TBML schemes were often multi-jurisdictional, not only exploiting trade sectors in the originating jurisdiction but also impacting others through the exploitation of corporate services. <\/p>\n\n\n\n Every country in the world is involved in the trade. TBML can therefore occur anywhere. Contributors noted that TBML\/TF enabling activities, such as the misuse of corporate structures may occur in a wide range of jurisdictions. Terrorist financiers may exploit any potential system or financial loopholes, to launder money through trade transactions.\u00a0<\/p>\n\n\n\n Combating trade-based money laundering<\/a> necessitates a coordinated effort, involving regulatory authorities, financial institutions, and law enforcement agencies. By implementing a risk-based approach, conducting thorough assessments, and developing effective preventative measures, countries can mitigate the risks<\/a> associated with TBML and protect their financial systems from abuse.<\/p>\n","protected":false},"excerpt":{"rendered":" La gesti\u00f3n del blanqueo de dinero basado en el comercio requiere un enfoque integral que implique una estrecha colaboraci\u00f3n entre las autoridades reguladoras…<\/p>\n","protected":false},"author":4,"featured_media":2526838,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tve_updated_post":"","tve_custom_css":"","tve_user_custom_css":"","tve_globals":{},"tcb2_ready":0,"tcb_editor_enabled":0,"tve_landing_page":"","_tve_header":"","_tve_footer":""},"categories":[47,400767,59,400796],"tags":[400768,502081,502085],"class_list":["post-2526921","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-anti-money-laundering-aml","category-antiblanqueo-de-capitales-aml","category-counter-terrorist-financing","category-financiacion-de-la-lucha-contra-el-terrorismo","tag-academia-de-delitos-financieros","tag-fca032-es","tag-gestion-del-blanqueo-de-capitales-basado-en-el-comercio","post-wrapper","thrv_wrapper"],"acf":[],"_links":{"self":[{"href":"https:\/\/financialcrimeacademy.org\/es\/wp-json\/wp\/v2\/posts\/2526921","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/financialcrimeacademy.org\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financialcrimeacademy.org\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financialcrimeacademy.org\/es\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/financialcrimeacademy.org\/es\/wp-json\/wp\/v2\/comments?post=2526921"}],"version-history":[{"count":3,"href":"https:\/\/financialcrimeacademy.org\/es\/wp-json\/wp\/v2\/posts\/2526921\/revisions"}],"predecessor-version":[{"id":3062006,"href":"https:\/\/financialcrimeacademy.org\/es\/wp-json\/wp\/v2\/posts\/2526921\/revisions\/3062006"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/financialcrimeacademy.org\/es\/wp-json\/wp\/v2\/media\/2526838"}],"wp:attachment":[{"href":"https:\/\/financialcrimeacademy.org\/es\/wp-json\/wp\/v2\/media?parent=2526921"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financialcrimeacademy.org\/es\/wp-json\/wp\/v2\/categories?post=2526921"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financialcrimeacademy.org\/es\/wp-json\/wp\/v2\/tags?post=2526921"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"Managing](\"https:\/\/financialcrimeacademy.org\/wp-content\/uploads\/2023\/05\/3-44-1024x576.jpg\")
<\/figure>\n\n\n\nA Risk-Based Approach in Managing Trade-Based Money Laundering<\/h2>\n\n\n\n
![\"Managing](\"https:\/\/financialcrimeacademy.org\/wp-content\/uploads\/2023\/05\/2-44-1024x576.jpg\")
<\/figure>\n\n\n\nFinal Thoughts<\/h2>\n\n\n\n