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HMRC Handbook Tackles Trade-Based Money Laundering

31 October 2025

HMRC Handbook Tackles Trade-Based Money Laundering

HMRC published a handbook providing practical guidance on identifying and tackling trade-based money laundering (TBML) activity.

 

The handbook outlines key principles and red flags, including a real-life investigation. 

Key insights include: 

➡️ Case Study Focus: The handbook draws on Operation A, an (HMRC) investigation that disrupted a major organised crime group involved in large-scale TBML; 

➡️ Practical Guidance: Methods to detect TBML through customs data, import/export information, company ownership records, and suspicious transaction reports; and 

➡️ Audience: Primarily written for UK authorities but offers valuable insights for global professionals exposed to TBML risks. 

Firms should review the handbook to strengthen trade finance controls, enhance detection of TBML indicators, and ensure risk frameworks align with evolving UK enforcement practices.