Business alliance sheds light on trade-based money laundering, ‘least understood’ financial crime

It is estimated that hundreds of billions of US dollars pass through trade-based money laundering (TBML) schemes each year.
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It is estimated that hundreds of billions of US dollars pass through trade-based money laundering (TBML) schemes each year.
The proposals were put forward by the Institute of Export and International Trade (UK), eBay (US), and the National Confederation of Industry (Brazil).
As we reach the end of what has been a landmark year for the world business organization, we’ve selected some of 2017’s most memorable moments.
The WTO and the International Chamber of Commerce (ICC) announced today (12 December) that a proposal submitted by Argentina’s Chamber of Commerce and Services and Mercado Libre, an e-commerce company, is the third to be selected under the ICC-WTO Small Business Champions initiative. The proposal is to develop a training programme for small and medium-sized enterprises (SMEs) so that that they can better access global markets.
The World Trade Organization (WTO) and International Chamber of Commerce (ICC) announced today that a proposal submitted by Google Inc. is the first to be selected under the Small Business Champions initiative.
A joint effort to facilitate participation by smaller companies in international trade was launched today by the Director-General of the World Trade Organization (WTO), Roberto Azevedo, and ICC Secretary-General John Danilovich.
Today is the first-ever Micro-, Small- and Medium-sized Enterprises Day – a designation made by the United Nations General Assembly earlier this year to recognise the crucial role that MSMEs will play in achieving the 2030 Agenda for Sustainable Development.
The International Chamber of Commerce (ICC) has welcomed official recognition of the estimated US$1.6 trillion trade financing gap in the United Nations’ (UN) annual Financing for Development (FfD) review.
Internet Governance Forum 2015: Opening speech by ICC BASIS member Hossam Elgamal, Joao Pessoa, Brazil 9 November 2015
Speaking at the World Trade Organization Annual Aid-for-Trade Review yesterday, ICC Banking Commission Senior Policy Manager Thierry Senechal said that trade finance intermediation is crucial today as it provides real-time risk mitigation, while improving liquidity and cash flow of the trading parties.