Illicit Financial Flows from Developing Countries: 2003-2012 Global Financial Intergrity BALANCE OF PAYMENTS CAPITAL OUTFLOW CORRUPTION CUSTOMS FAKING TRANSACTIONS GHOST PROJECTS ILLICIT WEALTH MONEY LAUNDERING NATURAL RESOURCES SMUGGLING TAX EVASION This is the sixth report in annual series, that reaffirms the $1 trillion estimate of unrecorded money shifting yearly out of emerging market and developing countries. The report provides estimates of the illicit flow of money out of the developing world–as a whole, by region, and by individual country–from 2003-2012, the most recent ten years of data availability. The study finds that between 2003 and 2012, the developing world lost US$6.6 trillion in illicit outflows. In real terms, these flows increased at 9.4 percent per annum. After a brief slowdown during the financial crisis, illicit outflows are once again on the rise, hitting a new peak of US$991.2 billion in 2012 Washington Global Financial Intergrity 2014. 2014. Text 68p. iffoadatabase.trustafrica.org/iff/illicit-financial-flows-from-developing-countries-2003-2012(1).pdf