New Study: Illicit Financial Flows in Developing Countries Large and Persistent
Illicit financial flows (IFF) from developing countries are increasing and the numbers are large; approximately 1 trillion US$ in outflows was estimated in 2014 alone.
Global Financial Integrity (GFI) is a Washington, DC-based research and advisory organization. The report, “Illicit Financial Flows to and from Developing Countries: 2005-2014,” is the seventh report in the series about IFFs from developing countries. This report is however the first to equally emphasize illicit outflows and inflows. Combined, these outflows and inflows are estimated to account for between 14.1 and 24.0 percent of developing country trade, on average.
Read the full report here.