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FATF Assesses Money Laundering Vulnerabilities of the International Trade System
A new report by the Financial Action Task Force (FATF) examines ways in which the international trade system can be misused for laundering the proceeds of crime. Noting a number of money laundering case studies, “red flag” indicators of illegal activity and issues for further consideration, the report identifies how import and export operations are exploited as a cover for the movement of illicit funds.
Using information from public sources, case studies, and national experience furnished by governments, the report will assist policy makers, law enforcement officials and financial service providers as they attempt to plug money-laundering loop-holes in the international trade system.
This report is one in a series of thematic studies carried out by the FATF to provide an in-depth look at money laundering and terrorist financing typologies. A full text of the report is available on the FATF website. Click here to download a copy]
For further information, journalists are invited to contact Helen Fisher, OECD Media Relations (tel.: +33 1 45 24 80 97 or helen.fisher@oecd.org) or the FATF Secretariat, 2, rue André-Pascal, 75775 Paris Cedex 16 (tel: +33 1 45 24 79 45, fax: +33 1 44 30 61 37 or email: contact@fatf-gafi.org).
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