Using data mining on data about imports and exports can help to detect tax avoidance and money laundering.

Question

Quizplus · Accepted Answer

Data mining techniques can help to identify patterns and anomalies in trade data, which can indicate attempts to avoid taxes or hide illegal money transactions. By analyzing information on the volume, value and types of goods being imported and exported, data analysts can identify inconsistencies and potential fraudulent activities, which can then be investigated further by law enforcement agencies or tax authorities. Therefore, data mining can be a powerful tool in detecting tax avoidance and money laundering in international trade.

Using Data Mining on Data About Imports and Exports Can