Illicit Trade Increasing in Times of Coronavirus

 

Illicit trade activities have increased in many industries during the COVID-19 pandemic. The economic impact of illicit trade is immense, with 3% of global GDP forecast to be lost to illicit activities such as counterfeiting, smuggling and tax leakage in 2020 alone.

Learn how the scarcity of goods, disruptions to the supply chain, increased excise taxes and decreased regulatory enforcement are all driving illicit trade by downloading our white paper.