PRICE VARIATIONS IN PAINT TRADES COULD MASK DIRTY MONEY FLOWS, COMMERCIAL DATABASE WARNS
November 2nd, 2020
THE INTERNATIONAL trade in paint and coatings products and ingredients contains significant variations in prices that some experts warn maybe too good to be true and could indicate that certain trade flows are being exploited by money launderers.
Such criminals seeking to move illicit proceeds from one country to another through artificial pricing – deliberate over- and under- invoicing.
Products being linked to such illegal trades, even given the likelihood that paint and coatings companies have no knowledge of them, could pose significant reputational and ...
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