The role of misinvoicing in the money laundering cycle
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Date
2019
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
University of Western Cape
Abstract
Traditionally, the emphasis of trade-based money laundering policy development
has been directed towards financial transactions where the origin of capital is
illegal, neglecting private sector companies utilising trade to launder money. Thus,
can commercial businesses which engage in trade misinvoicing through crossborder trade be prosecuted for money laundering? With limited understanding of
the money laundering cycle in international trade, it will be difficult for prosecutors
to bring money laundering charges against commercial businesses operating in this
sector.
Description
Keywords
Money laundering, Illegal trading, Trade misinvoicing, Corruption, Crime
Citation
Iyanda, A. E. (2019). The role of misinvoicing in the money laundering cycle. Journal of Anti-Corruption Law, 3(2), 144-168.