This report from GFI finds that Mexico lost a total of $872 billion in illicit financial flows (or illegal capital flight) over a 41-year period from 1970 to 2010. These illicit financial flows were generally the product of: corruption, bribery and kickbacks, criminal activities, and efforts to shelter wealth from a country’s tax [...]
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Posted on February 7th, 2012
Posted on December 21st, 2011
Updating its January 2011 report, GFI has expanded the range of years analyzed and updated existing figures based on the newest available data. According to this report, the Developing World lost US$903 billion in illicit outflows in 2009, despite the massive financial crisis which rocked the global economy in late 2008. The [...] Posted on February 16th, 2011
This report analyzes the scale, flow, profit distribution, and impact of 12 different types of illicit trade: drugs, humans, wildlife, counterfeit goods and currency, human organs, small arms, diamonds and colored gemstones, oil, timber, fish, art and cultural property, and gold. Though the specific characteristics of each market vary, in general it can [...] Posted on January 20th, 2011
Global Financial Integrity (GFI) released its annual analysis of the cost of crime, corruption, and trade mispricing on developing countries today. The report, “Illicit Financial Flows from Developing Countries: 2000-2009,” finds that approximately US$6.5 trillion was removed from the developing world from 2000 through 2008. The report also examines illicit flows [...] Posted on November 24th, 2010
From 1948 through 2008 India lost a total of $213 billion in illicit financial flows (or illegal capital flight). These illicit financial flows were generally the product of: corruption, bribery and kickbacks, criminal activities, and efforts to shelter wealth from a country’s tax authorities. India’s underground economy is closely tied to illicit [...] 2 pages
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