More money flows illegally out of developing and emerging countries each year—facilitated by secrecy in the global financial system—than is received in foreign direct investment and foreign aid combined. Beyond bleeding the world’s poorest economies dry, this propels crime, corruption and tax evasion globally. Learn more about us.
Lionel Bassega
September 1, 2020
May 31, 2020
Global Financial Integrity (GFI) has produced a comprehensive report, estimating the magnitude of trade misinvoicing since 2012 with a particular focus on the crucially important crude oil and gold sectors, given that these two commodities accounted for...