TRADE-BASED MONEY LAUNDERING: A GLOBAL CHALLENGE

On 2 February, Global Financial Integrity published this report which analyses the scope and characteristics of global trade-based money laundering (TBML) finds that this illicit activity poses complex problems for law enforcement while also undermining global development.  Indeed, while various estimates put TBML activity in the hundreds of billions, or even trillions of dollars annually, “a comprehensive mapping of known TBML [court] cases worldwide from 2011 to 2021” identified just $60 billion in money laundering, according to the paper.  Highlighting the development impact, the study noted that “when TBML goes unchecked, it has adverse effects on economies and societies as it perpetuates criminal activities …corruption, and tax evasion”.

https://gfintegrity.org/wp-content/uploads/2023/02/TBML-Policy-Brief-Final..pdf

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REPORT: FAKE MEDICINES KILL ALMOST 500,000 SUB-SAHARAN AFRICANS A YEAR

On 1 February, the UN reported that trafficked medical products kill almost half a million sub-Saharan Africans every year, and action is needed to stem the flow, the United Nations Office on Drugs and Crime (UNODC) states in its new threat assessment report.  It also says that a lack of access to healthcare and medicines has been fuelling a host of opportunists. 

https://news.un.org/en/story/2023/02/1133062

https://www.unodc.org/documents/data-and-analysis/tocta_sahel/TOCTA_Sahel_medical_2023.pdf

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