This episode of our podcast series with the Asian Development Bank’s Trade and Supply Chain Finance Program (TSCFP) explores what transparency looks like in trade finance operations and why it is central to tackling trade-based money laundering (TBML).
We examine the key challenges banks face, from complex documentation and correspondent banking networks to data silos and inconsistent due diligence standards, as well as how collaboration and information sharing are becoming critical tools in identifying and mitigating TBML risk.
To unpack how this works in practice, Joy Macknight, Transaction Banking Editor at Trade Treasury Payments, speaks with Ashutosh Kumar, Managing Director and Head of Global Transaction Banking, Asia Pacific at Mizuho Bank, about holistic approaches to TBML, the role of technology and AI in compliance workflows, and how multilateral initiatives and shared standards can help build a safer and more transparent trade finance ecosystem.
