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 – updates at the bottom] This is an update post following my post of July 20th: Misinvoicing or Misunderstanding? The story so far On July 16 UNCTAD published a study on Trade Misinvoicing in Primary Commodities in Developing Countries with the headline “Some developing countries are […]