Black market peso exchange
A complex trade-based laundering arrangement, originally associated with Colombian narcotics trafficking and now used widely, combining drug smuggling, laundering through the financial system and trade-based laundering.
This one is not written up yet
The definition above is the short version. A full explanation — how it works, a worked example and the exam traps — is still being written. In the meantime the chapter below covers it in context.
Written up from the same chapter
Where this is taught
Free preparation for NISM Series IFSCA-01← All terms