By Lionel Bassega, November 24, 2020
Global trade is widely recognized as the lifeblood of a growing economy. However, according to the Wolfsberg’s Group Trade Finance Principles, financial institutions involved in trade financing cannot easily identify instances of over- or under-invoicing (or any...
By Lionel Bassega, September 1, 2020
Trade misinvoicing is a persistent and significant feature of international trade transactions. It is a primary means of illicitly shifting funds in and out of a country. It occurs when importers and exporters deliberately falsify the prices,...
March 4, 2020
A lack of trade integrity results in potentially massive revenue losses – all at a time when most countries are struggling to mobilize domestic resources for development Global Financial Integrity (GFI) recently released its newest report, “Trade-Related...