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ICAIE Issues New Report on the Dark Side of Illicit Economies and Trade-Based Money Laundering: Free Trade Zones, Ports, and Financial Safe Havens

Press Release Jun 13, 2022

ICAIE Issues New Report on the Dark Side of Illicit Economies and Trade-Based Money Laundering: Free Trade Zones, Ports, and Financial Safe Havens

The staggering multi-trillion dollar global illicit economy is thriving from dirty money derived from an array of cross-border smuggling and trafficking crimes. Free trade zones, poorly regulated ports, ineffective enforcement of beneficial ownership laws and secretive financial hubs are threat multipliers that expand dark commerce, as criminals exploit cracks and seams in the global financial and trading systems to advance illicit trade and hide their profits. No one alone can fight illicit economies; public-private partnerships are critical. Read More

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