TFG spoke to Clyde & Co’s Robert Parson about the development of trade finance as an asset class, a view on COVID-19, and tradetech
In Global Financial Integrity’s 2019 update “Illicit Financial Flows to and from 148 Developing Countries 2006 – 2015” the estimate of illicit outflows of trade related payments from developing economies for 2015 alone was counted in the hundreds of billions – greater in value in fact than the aid budgets flowing into those countries.