[Report] Governance Frameworks to Counter Illicit Trade

Several packages with customsArabian Gulf, April 4, 2011 - A Sailor waits to move mail below decks after it was received via carrier onboard delivery aboard the Nimitz-class aircraft carrier USS Carl Vinson (CVN-70).

By the Organisation for Economic Co-operation and Development (OECD) – 244 pages

The Organisation for Economic Co-operation and Development (OECD) has released its policy study on governance frameworks and illicit trade. OECD estimates that 2.5% of internationally traded goods are counterfeit. The organisation unveiled that illicit trade is evolving at a rapid path and that both criminals and terrorists are taking advantage of law enforcement agencies’ and legislations’ weaknesses.

The study start by a focus on the three challenges that law enforcement agencies are facing: the lack of effective penalties and sanctions to sentence traffickers, the poor monitoring of small shipments and the inadequacy of controls in Free Trade Zones (FTZs). To reduce the number of smuggling activities the organisation recommends to raise the risk/reward ratio by strengthening penalties and sanctions. Marcos Bonturi, OECD Director of Public Governance, states that “Tackling policy gaps can start to increase the risks and lower the rewards of illicit trade for criminals”. To that extent, new regulations targeting e-commerce actors, courier and postal intermediaries have to be drafted. Such regulatory evolutions will empower law enforcement agencies to address illicit trade issues. The OECD advocates to reconsider the legal framework and regulations applied within FTZs by promoting an all-inclusive approach.

The report also provides a survey of enforcement practices currently implemented in BRICS economies. With this report the OECD set the stage by looking toward adapted sanctions and penalties for traffickers, an efficient screening of small shipments and the purge of criminal networks from FTZs.

Origin Source: Oecd-ilibrary.org
Publication Date: 2018-03-01
Origin Contry: France

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