AML: The Hidden Danger of Over-Invoicing

Uncover the chilling reality behind over-invoicing and why it could be the downfall of businesses caught in illicit trade schemes.

What Questions I Will Answer in this blog:

• What is over-invoicing, and how does it impact legitimate trade?

• How can export control and sanctions professionals protect themselves from falling victim?

• What are the legal and compliance measures every business should have in place?

Introduction

In the world of international trade, integrity and accountability aren't just buzzwords. They're essential to the survival and success of any business. Unfortunately, not all companies play by the rules, and over-invoicing is one of the most notorious tactics used to launder money and fund illegal activities. For professionals in customs, export controls, and sanctions, understanding over-invoicing is crucial for maintaining compliance and safeguarding your business from the perilous traps of financial crime.

"The stakes are high: missing a red flag in a trade transaction could result in severe legal penalties and reputational damage." — Arne Mielken, Managing Director of Customs Manager Ltd

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