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  <titleInfo>
    <title>New Study: Crime, Corruption, Tax Evasion Drained a Record US$991.2 Billion in Illicit Financial Flows from Developing Economies in 2012</title>
  </titleInfo>
  <name type="personal">
    <namePart>Global Financial Integrity</namePart>
    <role>
      <roleTerm authority="marcrelator" type="text">creator</roleTerm>
    </role>
  </name>
  <typeOfResource>text</typeOfResource>
  <originInfo>
    <place>
      <placeTerm type="text">Washington D.C</placeTerm>
    </place>
    <publisher>Global Financial Integrity</publisher>
    <dateIssued>2014</dateIssued>
    <issuance>monographic</issuance>
  </originInfo>
  <physicalDescription>
    <extent>4p.</extent>
  </physicalDescription>
  <abstract>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.</abstract>
  <subject>
    <topic>capital outflow, misinvoicing, investments</topic>
  </subject>
  <identifier type="uri">iffoadatabase.trustafrica.org/iff/2014-iff-update-gfi-release-final.pdf</identifier>
  <location>
    <url>iffoadatabase.trustafrica.org/iff/2014-iff-update-gfi-release-final.pdf</url>
  </location>
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