Illicit transactions cost Zim $2,6bn Daily News MISPRICING MISINVOICING BANKING SECRECY BALANCE OF PAYMENTS CAPITAL OUTFLOW MISPRICING UNDERPRICING The article tackles IFFs in Zimbabwe ,the major players and the major causes.The article is based on a study by Global Financial Integrity (GFI). Zimbabwe is said to have lost approximately $2,6 billion in the nine years to 2012 due to IFFs. Zimbabwe recorded alarming imports over-invoicing and under-invoicing during the period. While the years 2003, 2008, 2011 and 2012 recorded no illicit financial flows, GFI says the year 2004 saw Zimbabwe recording $306 million in illicit financial flows (both inflows and outflows), which increased to $354 million in 2005, and further to $1,7 billion in 2006, before declining to $97 million in 2007. Harare Daily News 2015. 2015. Text 1p http://iffoadatabase.trustafrica.org/iff//illicit_transactions_cost_zim_$2,6bn.pdf