Insights Workshop for the UK’s Trade-Based Money-Laundering Strategy 2023

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In June 2023, as part of RUSI’s Economic Crime Plan programme, which tracks and supports the implementation of the UK’s economic crime policy, the Centre for Financial Crime and Security Studies (CFCS) convened a workshop of financial sector practitioners, regulatory technology experts and academic and third sector researchers to support HMRC in the development of its Trade-Based Money-Laundering (TBML) Strategy. This report provides an overview of some of the main observations and findings of the workshop.

These observations were collated via a plenary discussion examining the near-term opportunities for optimising the UK’s approach to TBML, followed by three parallel breakout group discussions examining the long-term response.