This book exposes how illicit finance hides in plain sight within legitimate global trade. Drawing on real-world cases, empirical interviews, and policy analysis, the book reveals how Trade-Based Money Laundering (TBML) exploits regulatory gaps, dynamic supply chains, and the ambiguities of modern commerce. It uncovers the systemic incentives that sustain symbolic compliance—where audit trails, checklists, and metrics give the appearance of vigilance while laundering continues unchecked. This work is essential reading for policymakers, financial institutions, law enforcement professionals, and scholars seeking a deep understanding of TBML. It combines rigorous research with practical insights, showing how public and private actors inadvertently perpetuate compliance rituals that fail to disrupt illicit trade. By mapping the structural, legal, and institutional challenges, the text equips readers to identify vulnerabilities, assess enforcement gaps, and rethink anti-money laundering strategies. Far beyond theory, the book offers a critical recommendation for moving from the mirage of oversight to effective disruption. Readers will gain the conceptual tools and operational realism needed to confront TBML, improve compliance practices, and safeguard global financial systems against one of the most pervasive forms of economic crime.