Six Ways to Avoid Being Co-Opted Into a Trade-Based Money Laundering Scheme

Six Ways to Avoid Being Co-Opted Into a Trade-Based Money Laundering Scheme

Bird Marella principal Ariel Neuman and associate Jen Won co-authored an article for Bloomberg BNA titled, “Six Ways to Avoid Being Co-Opted Into a Trade-Based Money Laundering Scheme.”

The article enumerates six rules for businesses and business owners to avoid finding themselves cooperated into international money launder schemes and subject to criminal prosecution: 1) no cash, 2) know who is paying you, 3) know your customers, 4) check your invoices, then check again, 5) do not be a bank, 6) and risky jurisdictions mean risky transactions.

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