Money Laundering in Your Supply Chain - Where You Could Be At Risk

TIMESTAMPS
The Money Laundering Problem: 0:4
3 Principles: 0:25
Anti Money Laundering: 0:47
Supply Chain Corruption Prevention: 1:07
How Source Intelligence Can Help: 1:35

SUMMARY
The biggest barrier to stopping money laundering from lurking in your supply chain is knowing how to spot it. If you have a sprawling global supply chain of hundreds to thousands of suppliers, knowing where you are at risk becomes a difficult task.

The nature of the game makes it incredibly hard to fight, mostly due to the various ways launderers may use to move funds in and out. In the case of supply chains, international trade of goods is where the challenges lie:
- Goods are misrepresented on letters of credit
- The value of shipped goods is inaccurate
- Shipments may include prohibited goods
- Goods may be unloaded at sanctioned ports of calls.

There are so many levels and degrees of criminality in the supply chain. From both an ethical and financial perspective, global and comprehensive strategies supplemented by the latest technology will reduce your exposure to fines and protect your brand.

RESOURCES

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Source Intelligence