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TBA Series ACT 3 Laundering on Paper in the Tri Border Area

November 3, 2025

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In the TBA, laundering is a practiced art. The steps repeat: invent a plausible owner, price the transaction to move value, route the documents through forgiving intermediaries, and let the banked narrative settle the money. Pavo Real exposes the ownership move, while regional customs reporting and border operations show the pricing and payment steps. The process looks good under a cursory review. However, in a coordinated investigation the house of cards falls.

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Laundering on Paper in TBA

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