New Study: Crime, Corruption, Tax Evasion Drained a Record US$991.2 Billion in Illicit Financial Flows from Developing Economies in 2012 Global Financial Integrity capital outflow, misinvoicing, investments The report—GFI’s 2014 annual global update on illicit financial flows—pegs cumulative illicit outflows from developing economies at US$6.6 trillion between 2003 and 2012, the latest year for which data is available. The report finds that illicit outflows are growing at an inflation-adjusted 9.4 percent per year—roughly double global GDP growth over the same period. These findings underscore the urgency with which policymakers should address illicit financial flows. Washington D.C. Global Financial Integrity, 2014. 2014. Text 4p. iffoadatabase.trustafrica.org/iff/2014-iff-update-gfi-release-final.pdf