Best Practices in Combating Illicit Financial Flows via Trade Mis-invoicing: some lessons from the Tax and Good Governance Project

This chapter outlines some lessons from the Tax and Good Governance Project on illicit financial flows via trade-misinvoicing. It highlights lessons learnt from the focus countries on information sharing between the agencies involved in the fight against illicit financial flows, domestically and internationally; the use of joint investigation teams; the use of inter-agency centres of intelligence; the use of secondments and co-location of personnel; and other models that include the use of multi-agency task forces to combat financial crimes, centralised structures for inter-agency cooperation, granting tax and customs access to STRs, inter-agency meetings and training sessions.