GFI’s ‘Trade-Related Illicit Financial Flows in Europe’ report finds trade misinvoicing drives major illicit flows – widening value gaps, draining billions, and eroding tax revenues and economic integrity

The report quantifies widespread discrepancies between reported imports and exports—“value gaps”—as a proxy for illicit flows, showing that these are concentrated in key economies and remain stable over time rather than declining. It also highlights the role of trade mispricing as a major money laundering and corruption risk, facilitating tax evasion and illicit capital movement while pointing to the need for improved trade transparency, data quality, and cross-border cooperation…