Illicit and black market commodities refer to goods and services that are traded illegally. This can include a wide range of items such as drugs, weapons, counterfeit products, and human trafficking. These commodities are often traded in violation of laws and regulations, and their trade can contribute to organized crime, corruption, and violence. The black market operates outside of the formal economy, often avoiding taxes and government oversight, which can have significant economic and social impacts. Common synonyms for these commodities include contraband, illegal goods, and underground products.
Main/
Illicit & Black Market Commodities
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Code
IN0007
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Name
Illicit & Black Market Commodities
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Version
1.0
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Category
Commodities & High-Value Tangible Assets
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Created
2025-03-15
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Modified
2025-04-02
Related Techniques
- Criminals transport large quantities of cigarettes across borders to avoid excise taxes and generate unreported proceeds.
- False shipping manifests and undervalued invoices obscure the true nature or volume, evading customs and regulatory checks.
- Illicit profits from these black-market sales are mixed with legitimate sales revenue or laundered through subsequent trade transactions, masking the origins and taxable value.
- Criminals trade arms on the black market, generating illicit proceeds that are reintroduced into the financial system through layering and structuring.
- By operating outside governmental oversight, these transactions avoid traditional reporting requirements, complicating the detection and traceability of arms-related funds.
- Wildlife, including protected species or their parts, is an illicit commodity traded on black markets, generating unregulated proceeds.
- By transacting in these underground markets, traffickers convert illegal wildlife into monetary gains that can then be obscured and laundered through formal or informal channels.