Trade-based money laundering: development of the «red flags» system

The OECD and the FATF highlight problem of money laundering via international trade with a view to disguising illicit gains moving value through use transactions. For example, inaccurate invoices may be used, which, according Global Financial Integrity estimates, resulted in $0,9 trillion $1,7 losses 148 countries 2006–2015. In Russia, authorities attempt reduce risks within framework currency regulation, while foreign are using risk-based approach by developing “red flags” systems that allow financial intelligence agencies, customs other state bodies as well subjects market (through which payments for export-import transactions made) companies participating themselves determine whether transaction entails laundering. addition, internal inter-agency exchange information related trade, including data, is being developed.