TBML is highly technical, challenging but interesting topic regarding understanding its mechanism, tools and techniques used and system vulnerabilities exploited to make TBML transactions successful. This area of learning is bit neglected in AML since it is assumed that only participants with deep understanding of foreign trade can be a part of it which is incorrect concept.
TBML, of-course needs some degree of knowledge of foreign trade and exchange operation but TBML transactions are not conducted through bending rules of international trade. In simple words, UCP 600, LCs, documents used in trade operations and international regulation govern foreign trade are usually not challenged in TBML. TBML techniques comprise of manipulation of operational practices, misuse of trade instruments and conducting fraudulent transactions which can be identified without deep knowledge of foreign trade.
