Trade Philippines 04-02-2014 Philippines suffers multibillion losses due to false trade invoicing Around USD410 billion in illicit money, much of it derived from false trade transactions, flowed in and out of the Philippines between 1960 and 2011, says a new study by…… Sign in or Upgrade to Continue Reading This news article is over 10 days old. Subscribe today to access all articles with an annual subscription. Become a member Learn more Already a subscriber? Log in here #bank#exports#invoice#trade#World Bank