Illicit Trade

Illicit trade refers to the illegal exchange of goods and services that violate laws or regulations. This can include the trafficking of contraband items such as drugs, weapons, and counterfeit products, as well as the unauthorized trade of goods that are restricted or prohibited by law. Illicit trade undermines legitimate businesses, poses significant risks to public health and safety, and has broader economic and social impacts, including contributing to organized crime and funding terrorism. The term encompasses a wide range of activities, from smuggling and piracy to the sale of stolen property and the distribution of unlicensed goods.