New Study Finds Lack of Trade Integrity in Sudan’s Global Trade, Oil and Gold Sectors – Global Financial Integrity


WASHINGTON, D.C. – Global Financial Integrity (GFI) has published a new study, Sudan and Trade Integrity,” examining trade-related illicit financial flows in Sudan’s trade, crude oil and gold sectors. The analysis finds considerable gaps in trade integrity in all three areas of analysis and potential revenue losses of US$5.7 billion in global trade, US$279.4 million in trade in crude oil and US$575.2 million in trade in gold during the seven years covered in the report.

Trade integrity is defined as international trade transactions that are legal, properly priced and transparent. Developing countries lose billions of dollars a year in tax due to trade misinvoicing, corruption and criminal activity associated with a lack of trade integrity, which hampers abilities to mobilize funds to respond to the Covid-19 pandemic and achieve the UN 2030 Agenda.

The report includes regulatory analyses for the trade, crude oil and gold sectors, along with surveys conducted with leading Sudanese thought leaders in academia, government and civil society.

Tom Cardamone, President & CEO of GFI, issued the following statement:

“Given the tremendous hardships the people of Sudan have suffered over the years there is still significant optimism about the country’s future. The surveys are revealing in that Sudan’s problems are well understood and the remedies are