How Chinese Oligarchs Used Fake Trade Invoices to Launder Almost $1 Trillion Globally

There have been several studies looking at how illicit foreign money is laundered globally, but a report from Global Financial Integrity (GFI) released last December points out that fake trade invoices, i.e., misinvoicing trade transactions or trade-based money laundering, seems to be the primary vehicle used, especially by the Chinese.

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