Global Financial Integrity

Through misinvoicing either exports or imports, money launderers can disguise the proceeds of their criminal activities as income/expenses on trade and legitimise their origins. Photo: Mumit M

Panorama

Curbing money laundering through trade misinvoicing

Rampant trade misinvoicing without any oversight grants criminals a sense of impunity that they can get away with crimes and encourages reckless behaviour in the long run as well