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L-03

Integration

Trade-based laundering, real estate, and the return to legitimacy.

Integration is the stage at which laundered value re-enters the legitimate economy. The Advanced track examines the highest-volume integration channels, trade-based money laundering (TBML), real estate, luxury assets, and increasingly, virtual assets — and equips you with sector-specific forensic techniques.

Modules

M1

Trade-Based Money Laundering (TBML)

The largest, least-detected laundering channel: moving value under cover of legitimate trade flows.

4 lessons1 case study9-question quiz2 essay prompts
M2

Transfer pricing and profit shifting

How multinational groups move profit out of the jurisdiction where value is created, intra-group services, IP migration, thin capitalisation, commodity mispricing — and how a revenue authority builds and defends a transfer-pricing adjustment.

3 lessons1 case study8-question quiz3 essay prompts
M3

Aggressive accounting and financial statement manipulation

Reading a set of financial statements adversarially: revenue recognition abuse, related-party opacity, off-balance-sheet structures, impairment games, and the diagnostic ratios that flag manipulation before an auditor or regulator does.

3 lessons1 case study8-question quiz3 essay prompts
M4

Real estate, luxury assets and the integration endgame

Property, art, gold and superyachts as the terminal stage of the laundering cycle — the EU AMLR's extension to high-value goods dealers, the UK's Register of Overseas Entities and Unexplained Wealth Orders, sanctioned-oligarch asset tracing, and how to detect an over- or under-valued property transfer.

3 lessons1 case study8-question quiz3 essay prompts
M5

Public procurement, corruption proceeds and state capture

Examines how bid rigging, kickback structures and shell subcontractors convert public procurement into a laundering vector, and how the Zondo Commission record shows integration proceeding through professional intermediaries at state-owned enterprises. Equips investigators to trace captured procurement networks from tender document to beneficial owner.

3 lessons1 case study10-question quiz4 essay prompts