Money Laundering Vulnerabilities of Free Trade Zones
FATF March 2010
Article posted on 05 Feb 2012
Summary: Free trade zones offer many incentives and benefits to the companies that operate within it. But, the characteristics that makes free trade zones beneficial for legitimate businesses, also makes them highly attractive for illicit actors who take advantage of a more relaxed oversight to launder the proceeds of crime and finance terrorism. This FATF report highlights the vulnerabilities of free trade zones.
Topics: FATF Free Trade Zones Money Laundering
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