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Illicit Financial Flows Through Trade: A Critical Examination of Banking and Customs Oversight Failures in Ghana

Executive Summary Purpose –Trade-based money laundering (TBML) has been a significant and rising threat in Ghana, resulting in billions of dollars in lost government revenue, foreign currencies, and contributing to economic challenges like a pressured currency and inflation. This illicit activity exploited weaknesses in oversight by banking institutions and the Ghana Revenue Authority (GRA) Customs […]


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