Opinion DT 4-5 / 2014
Massive illict flows from Africa. Still not a donor priority
Every year, nearly a trillion dollars leaves developing countries in illicit financial outflows--the proceeds of crime, corruption, and tax evasion--according to our research at Global Financial Integrity. The predominant way that measured illicit money flows out of developing countries is through a process called trade misinvoicing.
Christine Clough, Senior Program Officer for Global Financial Integrity, co-author of Hiding in Plain Sight. Photo: GFI
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