Illicit Financial Flows from the Least Developed Countries: 1990–2008 United Nations Development Programme Balance of Payments Corruption Illicit Flows Mispricing This paper explores the scale and composition of illicit financial flows from the 48 Least Developed Countries (LDCs). Illicit financial flows involve the cross-border transfer of the proceeds of corruption, trade in contraband goods, criminal activities and tax evasion. In recent years, considerable interest has arisen over the extent to which such flows may have a detrimental impact on development and governance in both developed and developing countries alike. USA United Nations Development Programme 2011 2011 Text 68p http://iffoadatabase.trustafrica.org/iff/illicit_financial_flows_from_the_least_developed_countries_1990_2008.pdf