REPORT: GROWTH OF FREE TRADE ZONES PRESENTS SERIOUS FINANCIAL CRIME RISKS

On 21 June, Global Trade Review commented on a report by the International Coalition Against Illicit Economies (ICAIE), an NGO headquartered in Washington DC.  Goods passing through free trade zones are a growing risk in terms of organised criminal activity, including the trafficking of banned goods, money laundering and sanctions evasion, researchers warn.  Of the 3,500 areas in operation today, including free ports and special economic zones (SEZ), nearly a third were established in the last 5 years. 

https://www.gtreview.com/news/americas/growth-of-free-trade-zones-presents-serious-financial-crime-risks-report-finds/

Any modest contributions for my time and ongoing expenses are welcomed!  I have a page where you can do so, and where one-off contributions start as low as $3, at

https://www.buymeacoffee.com/KoIvM842y

NOTE THAT THE ABOVE LINK IS NOW CORRECTED AND WORKS!

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 )

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

%d bloggers like this: