As evidence emerges that international trade is becoming a haven for dirty money, banks must pay closer attention to their trade financing activities and learn how to manage those risks. A 2006 study by the Financial Action Task Force identified international trade as a money laundering tool for criminals. FATF said in the report that stronger training programs, additional information sharing among national authorities, greater international cooperation through mutual assistance agreements and better knowledge of “red flags” would help authorities to address the risks of trade. The U.S. government has also been paying attention. The Treasury Department, in its 2007 National Money Laundering Strategy, listed combating trade-based money laundering as a top priority. The heightened attention to this issue has added pressure on financial institutions to scrutinize trade financing transactions. Don’t stay behind. Attend our web seminar and learn how to profile trade transaction risks, how trade is used for money laundering and what to do to mitigate the risks.