The U.S. and Peru recently signed an agreement establishing a trade transparency unit that will enhance their ability to detect illicit trade schemes used by transnational criminal organizations and terrorist groups and to prevent and investigate customs offenses.
A press release from U.S. Immigration and Customs Enforcement’s Homeland Security Investigations states that under the TTU agreement HSI and Peru’s Superintendent of the National Tax Administration will exchange import and export information on goods that travel between the two countries, allowing users to see both sides of the trade transaction. This capability will assist both agencies in identifying international trade anomalies and financial irregularities indicative of trade-based money laundering, smuggling, customs fraud, movement of counterfeit goods and other import-export crimes.
HSI has similar information sharing partnerships with Argentina, Australia, Colombia, Ecuador, Guatemala, Mexico, Panama, Paraguay, the Philippines and the Dominican Republic.
Copyright © 2021 Sandler, Travis & Rosenberg, P.A.; WorldTrade Interactive, Inc. All rights reserved.