US$1.6 trillion lost in potential trade misinvoicing in 2018 amongst developing and advanced countries says GFI report
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 million, US$835 billion occurred between the…
Fraud based on vegetable oil trade in Poland and Germany revealed
Investigators in Poland and Germany have unearthed a fraud scheme that revolved around the trade of vegetable oil and caused the Polish treasury to lose an estimated €17.8 million (US$21.8 million) in tax. Poland’s Centralne Biuro Antykorupcyjne (Polish Central Anti-Corruption Bureau) and Germany’s Finanzamt für…
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.