Stopillegal spoke to Alibaba’s Michael Yao to find out what they are doing to beat illicit trade.
Free Trade Zones facilitate economic growth and are fundamental to an integrated global economy. Many are highly vulnerable to illicit trade and money laundering.
“As former Deputy Director of the UK’s National Crime Agency, I have seen a number of key threats and trends in illicit trade develop over my career.”
Reports by the OECD and Oxford Economics have shown that illicit whites have become an increasingly prevalent issue in a number of regions.
There are many ways to fight illicit trade; one part of the solution are effective licensing regimes.