
Gold-based money laundering rife in FTZs in Latin America and the Caribbean says OECD report
Free trade zones (FTZs) across Latin America and the Caribbean are vulnerable to illicit trade, according to a detailed and comprehensive new OECD report, Free trade zones and illicit gold flows in Latin America and the Caribbean.
It focuses on the extensive use of gold-based money laundering (GBML) and gold laundering and says that Colón, the world’s second-largest FTZ located in Panama, has a long history as a hub for gold-related illicit trade and trade-based money laundering.
You need to be logged in to view this article.
If you are an existing subscriber please enter your credentials to log in.
To become a member of The Association of Trade Finance Compliance Professionals (ATFCP) click here!
Related Posts
Sign up to our mailing list
Trade Based Financial Crime
Trade Based Financial Crime
This online training course provides you with the technical knowledge required to succeed within the trade finance compliance landscape.