Stemming Illicit Financial Outflows
- Malaysia Inter Press Service News Agency 2017
- 2p.
The article tackles International capital flows, which are said to be now more than 60 times the value of trade flows. It addresses illicit financial flows that involve financial movements from one country to another, especially when funds are illegally earned, transferred, and/or utilized. Most illicit financial outflows from developing countries ultimately end up in banks in countries like the US and the UK, as well as in tax havens like Switzerland, the Cayman Islands or Singapore and suggests was to stem the scourge
