Sailing in Deep Waters: Webinar with the DFSA, Dow Jones and Oracle on Countering Trade Based Money Laundering Threat

As highlighted in the FATF Mutual evaluation report on the United Arab Emirates (UAE), controls around complex money laundering techniques such as Trade based Money Laundering (TBML) have not been well established unlike other areas within the financial crime controls framework. In addition, other global regulators and associations such as Wolfsberg have been constantly providing typologies and related guidance to overcome the underlying complexities of TBML. 

In our webinar held on the 29th of September in collaboration with the Dubai Financial Services Authority (DFSA), Dow Jones Risk & Compliance and Oracle Financial Services, our panelists discussed the complexities, regulatory expectation, tools and technology to counter TBML threat and shared key insights as to how the TBML risk could be effectively managed and mitigated.

We shared insights on the following areas:

• FATF mutual evaluation report on the UAE
• TBML Maturity curve - Where is your bank?
• TBML control framework
• TBML challenges & solutions

Click the video to watch the full session.

View the webinar