MADAGASCAR’S VANILLA INDUSTRY HAS BECOME A MAGNET FOR CORRUPTION, MONEY LAUNDERING AND CRIMINALITY

An article from Daily Maverick on 13 September says that about 80% of the world’s vanilla is grown in the mountainous regions of Madagascar.  Extraordinary price rises in recent years have brought rising criminality including organised and violent thefts, money laundering and related corruption.  Now, in response to falling prices, the government has imposed minimum prices for exports, but this has provided an opening for new forms of money laundering and corruption.  The article is based on information contained in Issue 20 of the Risk Bulletin from the Global Initiative Against Transnational Organised Crime’s Civil Society Observatory of Illicit Economies in Eastern and Southern Africa.

https://globalinitiative.net/wp-content/uploads/2021/09/GITOC-East-and-Southern-Africa-Risk-Bulletin-20.pdf

https://www.dailymaverick.co.za/article/2021-09-13-madagascars-vanilla-industry-has-become-a-magnet-for-corruption-money-laundering-and-criminality

 

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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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