#illicit tobacco

2 stories

#asia-pacific #australia #australian #carmelo ferlito #center for market education #commission #dubai #excise tax #hawala #indonesia #kazem hamad #malaysia

Tobacco Cartels Funnel Cash Offshore
Tobacco cartels use hawala and private ATMs to move millions offshore, evading taxes and law enforcement.
Abc · 2m
Malaysia loses $775m yearly to illegal cigarettes
Illicit tobacco now makes up 55% of the market, costing the government more in lost taxes than it collects from legal sales.
Malay Mail · 1m · 5 views