Trade-Based Money Laundering (TBML), it is important to first understand the nature, variety, and complexity of trade transactions, supporting documentation, and the limitations of manual review and traditional control mechanisms.

This core understanding helps ensure that appropriate risk indicators, controls, and monitoring measures are applied in the right context, strengthening detection accuracy, operational efficiency, and overall AML and trade risk management outcomes.

This module outlines the practical application of key TBML concepts and controls, including trade process analysis, review of trade documents and invoices, pricing and quantity validation, counter party risk assessment, and transaction monitoring across goods and services trade.

Most importantly, the module follows a scenario-based learning approach, using real-world trade cases to illustrate how TBML typologies emerge in practice and how multiple controls work together—rather than in isolation—to identify and mitigate risk.

About the Trainer

Praveen Dayal

Empaneled Trainer

He has held the position of MLRO (Principal Officer as per local parlance) for ICICI Bank and HSBC-India, for 14 years, superannuated in August 2025. He was also actively participating in the industry initiatives for formulation of next practice guidance notes, concept papers, training and awareness creation, etc. in collaboration with the regulators and industry bodies (viz. RBI, FIU-IND, IBA, etc.) Prior to that, he has 21 years experience in diverse fields of banking, viz. credit assessment and administration, management of large branches, handling of centralised operations, handling of AML function at the corporate office level, etc.He is a graduate from IIT-Delhi and MFM from JBIMS-Mumbai