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U.S. Moves to Boost Import/Export Crime Cooperation with Philippines

Friday, June 28, 2013
Sandler, Travis & Rosenberg Trade Report

U.S. Immigration and Customs Enforcement’s Homeland Security Investigations has signed with the Philippines Bureau of Customs a letter of intent to establish a trade transparency unit in Manila to exchange information and promote the detection of trade-based money laundering and commercial fraud violations. According to an agency press release, the BOC will have access to the Data Analysis and Research for Trade Transparency System, an HSI computer system that contains domestic and foreign trade data and allows users to see both sides of the trade transaction. HSI states that this access will provide both countries the tools necessary to identify international trade anomalies and financial irregularities indicative of trade-based money laundering, customs fraud, movement of counterfeit goods and other import-export crimes.

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