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Jun 042015

Illicit Financial Flows (IFFs), stemming from crime, corruption and tax evasion have an outsized impact on the world’s poorest countries, according to a new study released by Global Financial Integrity (GFI), a Washington, DC-based research and advisory organization. Titled “Illicit Financial Flows and Development Indices: 2008–2012” the report also finds strong correlations between higher illicit outflows and higher levels of poverty and economic inequality. For nearly one-quarter of the 82 countries that were anaylsed, the ratio of IFFs to GDP is ten percent or higher; figures which should be attracting much more media attention.

Please click here for the report.