This study clearly demonstrates that illicit
financial flows are the most damaging economic problem faced by the world's developing and emerging economies, said GFI President Raymond Baker, a long-time authority on financial crime.
The report, entitled Drug Money: the illicit
proceeds of opiates trafficked on the Balkan route, shows that the total value generated by Afghan heroin and opium trafficked in Europe and through the Balkan route is one third bigger than the entire GDP of Afghanistan itself, which, in 2014, amounted to some $21 billion.
Koral police arrested accused Hassan Javid and recovered one 30 bore illicit
pistol along with ammunition from him.
New African: Why has it taken so long to bring the issue of Illicit
Financial Flows (IFFs) to mainstream attention?
CAIT will focus on encouraging cooperation among those affected by illicit
trade, sharing best practice, and working towards practical solutions that can be applied across industries.
On World No Tobacco Day today, a senior official said: "These illicit
products are untaxed and unregulated, with no health warnings, packaging or labelling requirements; which makes them cheaper, more readily available and accessible, especially to young and poor people.
WHO said that eliminating the illicit
trade in tobacco would generate an annual tax windfall of $31 billion for governments, improve public health, help cut crime and curb an important revenue source for the tobacco industry.
trade in tobacco products is a serious global problem in many ways, including health, legal and economic aspects of governance and corruption.
Of the 11 shops, on this occasion none were found to be supplying illicit
B) major sources of precursor chemicals used in the production of illicit
Dubai: Abrupt tax spikes on tobacco products will stimulate the illicit
counterfeited tobacco trade which, in turn, is linked to other activities of organised crime and terrorism, speakers of the fifth Middle East and North Africa conference on aACAyCombating Illicit
Trade and Tax Engagement' said yesterday.
PESHAWAR -- Pakistan loses almost Rs 26 billion per year due to illicit
tobacco trade, Philip Morris Pakistan Limited (PMPKL) pressed in a detailed presentation to Director General IandI (IRS) and his team.
MORE than A MILLION illicit
cigarettes have been seized by customs officers targeting the sale of fake fags in Birmingham and Smethwick.
Morocco ranked 59 th on the report's Country Rankings by Largest Average Illicit
Financial Flows, 2003-2012.
A total USD 25 B were illicitly syphoned off from Bulgaria in the past 10 years, shows the report Illicit
Financial Flows from Developing Countries 2003-2012 of the Global Financial Integrity (GFI) NGO.