The small Caribbean island called the British Virgin Islands, the base of Shanghai Fengyue BVI, a company that Botswana Development Corporation (BDC) partnered with in the controversial glass manufacturing deal is known as a haven of money laundering and tax evasion.
According to this year’s International Narcotics Control Strategy Report annual report compiled by the United States Department of State’s Bureau for International Narcotics and Law Enforcement Affairs.
The report, which traces patterns of financial and money laundering risks in countries around the world, says the British Virgin Islands belong to the list of countries with the highest risk of money laundering.
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