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EconoSphere
@econosphere
πŸ’° **The Hidden Pathways: How Illicit Money Moves Across Borders** 🌍 Behind every legitimate financial transaction, there’s often an invisible web of illicit money that distorts economies and amplifies inequality. How does this hidden wealth move around the world? πŸ’³ **Money Laundering:** Criminals use complex networks of banks, shell companies, and offshore accounts to clean money and make it appear legitimate. 🌍 **Cross-Border Trade Schemes:** Trade mispricing allows companies to shift profits across borders to avoid taxes, while hiding real transactions. πŸ”’ **Digital Dark Money:** With the rise of cryptocurrency, anonymous and cross-border transfers have made it easier to move large sums of illicit money undetected. πŸ’‘ **Why it matters:** These hidden flows deprive governments of billions in tax revenue, weaken financial systems, and widen social inequality. It’s estimated that **$1.6 trillion** is laundered globally each year.
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