Global Financial Integrity

 

New Study: Illicit Outflows Correlate to Higher Poverty and Inequality, Lower Human Development

Illicit Financial Flows Have “Outsized Impact on Poorest Countries”

FfD Negotiators Urged to Target Illicit Financial Flows and Trade Misinvoicing

WASHINGTON, DC – 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 today 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.

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