over-invoicing

Beijing is attempting to crack down, including trying to bring the over-invoicing under control.

Officials have identified the use of under- and over-invoicing as a major money laundering challenge.

Fictitious, under-or over-invoicing are often used to "balance the books."

The overall slump in exports may have been exaggerated by a government crackdown on over-invoicing and other tactics to avoid capital controls.

This fund arose from the over-invoicing of various contracts awarded in my parastatals to certain foreign contractors sometime ago.

I am specifically referring to one or two errors revealed such as the contravention of rules on procurement, over-invoicing and so on.

China reports its April exports on Friday and economists are concerned that over-invoicing could once again have wreaked havoc with the data.

Though Deutsche Bank said the unwinding of hot money inflows disguised by over-invoicing may also be to blame.

The weaker data, which followed a central government crackdown on over-invoicing, came as a private survey found Australian consumer sentiment remained steady in July.

The shut down in over-invoicing and the carry-trade unwind threat both fit the narrative and make China a bit of a commodity aberration.

At the same time there have been doubts that growth numbers in the first quarter may have been inflated by the over-invoicing by exporters.

The fraudulent schemes relied upon involved falsification and over-invoicing between the recipients and the subcontractors for sometimes non-existent services.

Procurement for capital projects often suffers from over-invoicing, which permits improper payments or "kick-backs" to private and public sector officials.

Hit over-invoicing over the head and up pops "Cash For Copper" (CFC) financing.

Exports to Hong Kong and Taiwan, which were implicated in much of the apparent over-invoicing of shipments earlier this year, have continued to slow.

Efforts to crack down on illicit cross-border capital flows may have played a large part, but the weakness was not confined to areas where over-invoicing was previously rampant.

He said that as a result of this scam and inflated invoicing, many beneficiaries had been helped by the council to fraudulently over-benefit from a subsidy scheme through over-invoicing.

Even otherwise, it is a costly project to buy but it is all the more difficult when shady methods were used to clinch the contract and when there are allegations of over-invoicing.

Inadequate inspection by the offices of the Commission and the lack of contractually determined penalties for excessive declarations have also led to deliberate over-invoicing in nearly two-thirds of the payments.

If that's true, a lot of what appeared to be a net capital inflow may have been an illusion, since the inflow was very much based on carry-trade fundamentals, facilitated by over-invoicing and other collateral-based trade finance shenanigans.

There is actually a phrase in the letter that states that because of the committee's connections, it will be able to get the funds out of the country without risk and that all evidence of the over-invoicing will be destroyed.

This money in question represent a surplus under expenditure in our Ministry's audited account for the past five years arising delibration over-invoicing in supply and maintenance of Arms and Ammunition for the Ecomog soldiers in Liberia.

FIU officials have identified under- and over-invoicing as a major money laundering challenge, and the recent discovery of a value added tax (VAT) scam highlights the widespread problem of tax evasion and money laundering.

Myself and my close and trusted colleagues need your assistance in the transfer of US$25 million into any reliable Account you may nominate overseas.This fund was generated from over-invoicing of contracts executed by the PTF under the administration of the past military government.

This was done deliberately.The over-invoicing was a deal by my committee to benefit from the project.We now want to transfer this money which is in a suspense Account with NNPC into any Overseas Account which we expect you to provide for us.