Trade-Based Money Laundering
Being a Certified Anti-Money Laundering Specialist since 2016, and an expert in combatting money laundering and terrorist financing for a period exceeding 9 years, where I worked in three Alfa banks in Lebanon (BLOM, Bankmed, and Creditbank); and considering my current position as Head of Legal Comp...
Saved in:
| Main Author: | |
|---|---|
| Format: | masterThesis |
| Published: |
2022
|
| Subjects: | |
| Online Access: | http://hdl.handle.net/10725/13920 https://doi.org/10.26756/th.2022.407 http://libraries.lau.edu.lb/research/laur/terms-of-use/thesis.php |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1864513468392013824 |
|---|---|
| author | Fakih, Mahmoud |
| author_facet | Fakih, Mahmoud |
| author_role | author |
| dc.creator.none.fl_str_mv | Fakih, Mahmoud |
| dc.date.none.fl_str_mv | 2022-08-10T10:59:50Z 2022-08-10T10:59:50Z 2022 2022-09-05 |
| dc.identifier.none.fl_str_mv | http://hdl.handle.net/10725/13920 https://doi.org/10.26756/th.2022.407 http://libraries.lau.edu.lb/research/laur/terms-of-use/thesis.php |
| dc.language.none.fl_str_mv | en |
| dc.publisher.none.fl_str_mv | Lebanese American University |
| dc.rights.*.fl_str_mv | info:eu-repo/semantics/openAccess |
| dc.subject.none.fl_str_mv | Money laundering -- Law and legislation -- Lebanon Money laundering -- Lebanon -- Prevention Terrorism -- Lebanon -- Finance -- Prevention Banks and banking -- Risk management -- Lebanon Lebanese American University -- Dissertations Dissertations, Academic |
| dc.title.none.fl_str_mv | Trade-Based Money Laundering Trends, Developments and Challenges in Banking Institutions |
| dc.type.none.fl_str_mv | Thesis info:eu-repo/semantics/publishedVersion info:eu-repo/semantics/masterThesis |
| description | Being a Certified Anti-Money Laundering Specialist since 2016, and an expert in combatting money laundering and terrorist financing for a period exceeding 9 years, where I worked in three Alfa banks in Lebanon (BLOM, Bankmed, and Creditbank); and considering my current position as Head of Legal Compliance at Creditbank sal, I prepared this thesis on the trends and developments of Trade-based Money Laundering (TBML) and the related risks and challenges faced by the banking sector. As one of the basic methods in the money laundering and terrorist financing framework, this study aims to identify and explore the methods used in TBML. We will highlight on how criminals are using TBML to conceal the features of their crime within routine transactions that result from commercial activities and international trade in its various aspects and forms. TBML happens in countless ways where the criminals have access to the financial institutions, particularly, the banking sector, and are able to hide the source of their funds and make it appear as legitimate. On the other hand, we will focus on the difficulties faced by the banking sector in combating this type of money laundering and the gaps that the criminals exploit to launder their proceeds through international trade. We will also shed the light on the international legislations and laws, global recommendations, exchange of information between countries, and policies and procedures adopted by the banks, in order to limit the expansion of TBML. The main objective of this study is to give a comprehensive idea about the concept of TBML and spreading the knowledge and increasing cultural awareness regarding the risks that this crime could pose, and to find modern and effective ways to fight it. In my research, I relied on live interviews with specialists in combating money laundering and terrorist financing, and on several real cases that took place in the banking sector. |
| eu_rights_str_mv | openAccess |
| format | masterThesis |
| id | LAURepo_b7201fb824e7cb06a780822db35848cc |
| language_invalid_str_mv | en |
| network_acronym_str | LAURepo |
| network_name_str | Lebanese American University repository |
| oai_identifier_str | oai:laur.lau.edu.lb:10725/13920 |
| publishDate | 2022 |
| publisher.none.fl_str_mv | Lebanese American University |
| repository.mail.fl_str_mv | |
| repository.name.fl_str_mv | |
| repository_id_str | |
| spelling | Trade-Based Money LaunderingTrends, Developments and Challenges in Banking InstitutionsFakih, MahmoudMoney laundering -- Law and legislation -- LebanonMoney laundering -- Lebanon -- PreventionTerrorism -- Lebanon -- Finance -- PreventionBanks and banking -- Risk management -- LebanonLebanese American University -- DissertationsDissertations, AcademicBeing a Certified Anti-Money Laundering Specialist since 2016, and an expert in combatting money laundering and terrorist financing for a period exceeding 9 years, where I worked in three Alfa banks in Lebanon (BLOM, Bankmed, and Creditbank); and considering my current position as Head of Legal Compliance at Creditbank sal, I prepared this thesis on the trends and developments of Trade-based Money Laundering (TBML) and the related risks and challenges faced by the banking sector. As one of the basic methods in the money laundering and terrorist financing framework, this study aims to identify and explore the methods used in TBML. We will highlight on how criminals are using TBML to conceal the features of their crime within routine transactions that result from commercial activities and international trade in its various aspects and forms. TBML happens in countless ways where the criminals have access to the financial institutions, particularly, the banking sector, and are able to hide the source of their funds and make it appear as legitimate. On the other hand, we will focus on the difficulties faced by the banking sector in combating this type of money laundering and the gaps that the criminals exploit to launder their proceeds through international trade. We will also shed the light on the international legislations and laws, global recommendations, exchange of information between countries, and policies and procedures adopted by the banks, in order to limit the expansion of TBML. The main objective of this study is to give a comprehensive idea about the concept of TBML and spreading the knowledge and increasing cultural awareness regarding the risks that this crime could pose, and to find modern and effective ways to fight it. In my research, I relied on live interviews with specialists in combating money laundering and terrorist financing, and on several real cases that took place in the banking sector.1 online resource (xi, 83 leaves)Includes bibliographical references (leaf 81-83).Lebanese American University2022-08-10T10:59:50Z2022-08-10T10:59:50Z20222022-09-05Thesisinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesishttp://hdl.handle.net/10725/13920https://doi.org/10.26756/th.2022.407http://libraries.lau.edu.lb/research/laur/terms-of-use/thesis.phpeninfo:eu-repo/semantics/openAccessoai:laur.lau.edu.lb:10725/139202022-08-23T06:25:05Z |
| spellingShingle | Trade-Based Money Laundering Fakih, Mahmoud Money laundering -- Law and legislation -- Lebanon Money laundering -- Lebanon -- Prevention Terrorism -- Lebanon -- Finance -- Prevention Banks and banking -- Risk management -- Lebanon Lebanese American University -- Dissertations Dissertations, Academic |
| status_str | publishedVersion |
| title | Trade-Based Money Laundering |
| title_full | Trade-Based Money Laundering |
| title_fullStr | Trade-Based Money Laundering |
| title_full_unstemmed | Trade-Based Money Laundering |
| title_short | Trade-Based Money Laundering |
| title_sort | Trade-Based Money Laundering |
| topic | Money laundering -- Law and legislation -- Lebanon Money laundering -- Lebanon -- Prevention Terrorism -- Lebanon -- Finance -- Prevention Banks and banking -- Risk management -- Lebanon Lebanese American University -- Dissertations Dissertations, Academic |
| url | http://hdl.handle.net/10725/13920 https://doi.org/10.26756/th.2022.407 http://libraries.lau.edu.lb/research/laur/terms-of-use/thesis.php |