Issue #33 | Invoice Illusions: 3 Ways Paper Turns into Profit

Hello,

Welcome to this week’s edition of Polar Insider.

This issue focuses on Invoice Illusions: 3 Ways Paper Turns into Profit, exploring how false invoicing has become a key tool in trade-based money laundering (TBML). From over/under-invoicing to duplicate billing and phantom shipments, we examine how these methods disguise illicit funds as legitimate trade.

Here’s what’s included:

📌 Top Story – Invoice Illusions: 3 Ways Paper Turns into Profit
🔎 Case Study – Chennai’s Phantom Electronics Exports
🌍 Regulatory Roundup - Updates from FinCEN, the UK, and Asia-Pacific regulators
🛠️ Compliance Toolkit – Resources for detecting TBML and invoice fraud