01017nam a22001337a 4500100003100000245002800031260004600059300000800105520063100113650004500744856007400789942000700863999001300870 aGlobal Financial Integrity aIllicit Financial Flows aWashington DCbGlobal Financial Integrity a2p. aThe article gives a detailed explanation of IFFs and specific examples that constitutes IFFs. GFI estimates that in 2011, US$946.7 billion left developing countries in illicit financial outflows. This methodology is regarded as highly conservative, as it does not pick up movements of bulk cash, the mispricing of services, or many types of money laundering. The article also gives the impact and effects of IFFs in developing countries. The article attempts to answer questions such as What Impact Do Illicit Financial Flows Have on Developing Countries? Where Does the Money Go? What Can We Do About Illicit Financial Flows? aCAPITAL OUTFLOW, CAPITAL FLIGHT, CUSTOMS uhttp://iffoadatabase.trustafrica.org/iff/illicit_financial_flows.docx cNA c250d250