Global Financial Integrity

 

Archive for December, 2015

The Methodology behind Illicit Financial Flows from Developing Countries: 2004-2013

This reflects a refinement in how we calculated our estimates for 37 countries, including major emerging economies like Mexico, South Africa, and Turkey. These countries join 19 others for which we were able to use more detailed data to capture how much money flowed out illicitly. As a result, our estimate for 2013 was a total outflow of a staggering US$1.1 trillion—and the world actually crossed this trillion mark in 2011.

Read More SHARE