Global Policy Forum

Illicit Financial Flows from the Least Developed Countries: 1990-2008

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Picture Credit: unctad.org
Global Financial Integrity’s report analyzes illicit financial flows from LDCs, which divert resources needed for social and economic progress. The report found that government corruption and transfer pricing by multinational companies accounts for much of illicit LDC outflows. The authors also discuss the difficulties of tracking illicit funds, and they recommend policy changes such as tax self-sufficiency and improved information-sharing to decrease illicit transactions.








By Dev Kar
May 11, 2011

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