Study: Illicit Financial Flows Drain Billions from Developing World
The amount of black money flowing in and out of developing countries is so large and consistent that it counted for...
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Raymond Baker
NGO: Transnational Organized Crime Groups Make US$ 2.2 trillion a Year
Transnational organized crime groups rake in up to US$ 2.2 trillion per year according to a new study released Monday by...
Fraud, Theft and Money Laundering Totaled $1.1 Trillion in 2013, Says Report
A new report published by Washington, DC-based Global Financial Integrity (GFI), a research and advisory nonprofit, declared...
EU: To Combat Crime, Changes to Anti Money Laundering Bill Proposed
It has been a decade since the European Union (EU) reviewed its rules for fighting money laundering. A vote on potential...
New Report Says Illicit Activity Led to a US$946.7 billion loss in 2011
According to Global Financial Integrity (GFI)’s new report, the developing world lost nearly US$1 trillion in 2011 due to...