Trade-based money laundering (TBML) is one of the primary channels used to move the proceeds of fraud perpetrated in the Caribbean, according to a new report by Global Financial Integrity (GFI), the Washington based non-profit focused on illicit financial flows…. Read More ›
China’s belt and road initiative (BRI), the massive global infrastructure development strategy aimed at reshaping global trade routes, has improved transport corridors according to a report published by Global Financial Integrity (GFI) and London university’s Kings College. But these improved… Read More ›
Trade misinvoicing is possibly the most pervasive form of Chinese money laundering according to a new report published by Global Financial Integrity (GFI) which concludes that China plays an extremely impactful role as a source, transit and demand country in… Read More ›
Cash intensive local businesses are used to funnel proceeds of extortion into apparently legitimate business bank accounts according to a new report published by Global Financial Integrity (GFI). Proceeds of extortion have also been used by criminals to purchase businesses… Read More ›
An estimated US$1.6 trillion in potential trade misinvoicing among 134 developing countries has been identified in 2018 according to a new report published by Global Financial Integrity (GFI). Trade-related Illicit Financial Flows in 134 Developing Countries 2009-2018 says that of that US$1.6… Read More ›
The principal vulnerability to trade-based money laundering (TBML) in the Latin America and the Caribbean (LAC) region is that it is not well understood, even by financial crime experts according to Global Financial Integrity (GFI). For its latest survey, Financial… Read More ›
Trade-based money laundering (TBML) is one of four types of financial criminality examined in a comprehensive survey of 250 financial crime experts in Latin America and the Caribbean published by Global Financial Integrity (GFI). The Washington-based non-profit focused on illicit… Read More ›
Global Financial Integrity (GFI) has published an analysis of trade misinvoicing in Mexico and Colombia where individuals or entities falsify the quantity, price, and quality of goods to launder money, claim tax incentives, or evade taxes, duties and capital controls…. Read More ›