A paper being exported to the United States can still be damaged by its journey through customs.
A new report from Australian financial services group Credit Suisse says some paper products that are imported from the United Kingdom, including banknotes and electronic banking cards, are getting damaged as they travel through customs, even if they’re not marked as such.
It said it discovered this through its investigation into a paper shipment from the UK to Germany last month.
It identified a number of incidents, including an incident in the UK where a paper card was ripped off and later found to have been tampered with, causing it to be rejected by customs.
“This may have occurred as a result of the paper being transferred from the EU to the UK,” the report says.
“The EU and UK are not in compliance with their international obligations.”
“It is a matter of concern to us that UK paper products and the EU paper products being exported from the British Virgin Islands may be affected by these incidents.”
Credit Suiseusty notes that the UK paper is a popular item in the world’s financial centres, such as Hong Kong, Singapore and Singapore.
Credit Suises report also found that a paper package arriving in the United Arab Emirates, Malaysia and Singapore was being tampered, as was a shipment from Malaysia to the Philippines.
It noted the UK was the largest exporter of paper products to the UAE.
In Malaysia, the report found that an international courier was charged $20,000 to deliver a package to the Royal Mail depot.
In Singapore, the paper was being exported by the Chinese postal service, which is a member of the International Postal Union.
The paper was subsequently sent to Singapore.
“In Singapore, there are various measures in place to ensure that the paper is protected,” Credit Suiserys report said.
“However, it appears that the delivery of this paper from Singapore to Singapore was not sufficient.”
It said there was a concern that the US paper would be damaged.
“We have previously received reports that US paper may be damaged and it is our belief that the damage is the result of being transferred through customs.”
It noted that the United Nations has called on all countries to be in compliance.
“It’s imperative that all countries do their part to ensure their paper products are safe and protected in transit.”