APFF – Combating Trade-Based Money Laundering Whitepaper
The Asia Pacific Financial Forum (APFF) is uniquely positioned to bring together both the private and public sector, educate the broader industry, and provide a platform for the industry to identify more efficient and effective means of combating TBML.
The genesis and context of this Whitepaper is an initiative under the APFF Digital Trade Finance Lab (“APFF Lab”), which created a TBML Working Group to undertake the specific ask from APEC Finance Ministers, as stated in the annex to their 2020 Joint Ministerial Statement that “APEC member economies look forward to an update on the project regarding the use of technology to combat Trade-Based Money Laundering.”