Money laundering and tax evasion risks in free ports

Summary

Freeports are conducive to secrecy. In their preferential treatment, they resemble offshore financial centres, offering both high security and discretion and allowing transactions to be made without attracting attention of regulators and direct tax authorities. This study argues that the legal anti-money laundering and tax evasion framework in place in the EU (and elsewhere) is only partially effective in combatting money laundering and tax evasion.

Creators/Authors

RONNIE JOHANNES KORVER

Tags

tax evasion luxembourg money laundering switzerland administrative cooperation customs cooperation eu customs procedure art trade free zone eu law: legal system and acts economics and monetary issues evaluation of law and policy in practice transposition and implementation of law