TY  - BOOK
AU  - Global Financial Intergrity
TI  - Illicit Financial Flows from Developing Countries: 2003-2012
PY  - 2014///
CY  - Washington
PB  - Global Financial Intergrity
KW  - BALANCE OF PAYMENTS CAPITAL OUTFLOW CORRUPTION CUSTOMS FAKING TRANSACTIONS GHOST PROJECTS ILLICIT WEALTH MONEY LAUNDERING NATURAL RESOURCES SMUGGLING TAX EVASION
N2  - 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
UR  - iffoadatabase.trustafrica.org/iff/illicit-financial-flows-from-developing-countries-2003-2012(1).pdf
ER  -