TRADE FRAUD: THE ‘WILD NEW FRONTIER OF WHITE COLLAR CRIME’ IN US

Baker McKenzie reported an article on the Crime Report website on 13th July saying that US federal prosecutions of shady importers have increased 900% over the past 16 years.  Borders are too vast, the volume of imports too great, global customs inspections too porous, and law enforcement resources too few for effective monitoring or deterrence, says a recently issued report.  The report concluded that the only way to tame the “wild, new frontier of white-collar crime” in the US was to develop interagency teams that focused on bringing cases under the False Claims Act, a law originally enacted in 1863 at the height of the Civil War to combat suppliers of fraudulent goods to the Union Army.

https://thecrimereport.org/2018/07/13/trade-fraud-the-wild-new-frontier-of-white-collar-crime/

The report is available at –

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3198237

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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