The term, illicit financial flows, pertains to the cross-border movement of money that is illegally earned, transferred, or utilized.
Illicit financial flows generally involve the transfer of money earned through illegal activities such as corruption, transactions involving contraband goods, criminal activities, and efforts to shelter wealth from a country's tax authorities.
We estimate that at least US$859 billion left the developing world every year Global Financial Integrity's newest report offers four different methodologies for calculating illicit financial flows. All intereactive data below uses the HMN+GER non-normalized method described on pages 4-7 of the report.
Our database and calculations are liscenced under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 Unported License. For questions regarding the data sets, contact Sarah Freitas at (202) 293-0740 ext. 274.
Increasing transparency in the global financial system is critical to reducing the outflow of illicit money from developing countries.
Recommendations for achieving greater transparency: