Trade-based money laundering (TBML) in Southeast Asia has been on the rise in recent years, driven by a confluence of factors including robust economic growth, a relatively weak regulatory environment (with the key exception of Singapore,) corruption issues, and the presence of sophisticated transnational criminal networks. These factors, as well as political, socio-economic and cultural dynamics, put the region at heightened risk for TBML in which financial institutions, corporations and governments should play a greater pro-active role in combating.