Archive for August, 2016

A couple of weeks ago UNCTAD published a study on illicit financial flows through trade misinvoicing which they said “revealed staggering revenue losses to developing countries”. It made the extraordinary claim that “virtually all gold exported by South Africa leaves the country unreported” and suggested this was explained by  massive smuggling. The South African authorities took […]


[Updated on August 2nd and 3rd, and 16th  and December 27th and August 21 2017 – updates at the bottom] This is a running update post following my post of July 20th 2016: Misinvoicing or Misunderstanding? . I will keep updating it. The story so far On July 16 2016 UNCTAD published a study on Trade Misinvoicing […]