WCO PUBLISHES REPORT ON ILLICIT FINANCIAL FLOWS VIA TRADE MIS-INVOICING

On 15th November, the WCO announced that the Study Report on Illicit Financial Flows (IFF) via Trade Mis-invoicing was available for public consultation.  The Report was endorsed by the WCO Council in June and subsequently presented to the G20 Development Working Group in July 2018.  The Report contains an overview of the current methods employed in assessing the magnitude of IFF via Trade Mis-invoicing – the Price Filter Method (PFM) and Partner Country Method (PCM).

http://www.wcoomd.org/en/media/newsroom/2018/november/wco-publishes-report-on-illicit-financial-flows-via-trade-mis-invoicing.aspx

The report is available at –

http://www.wcoomd.org/-/media/wco/public/global/pdf/media/newsroom/reports/2018/wco-study-report-on-iffs_tm.pdf?la=en

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

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s