“Political Elites Ensure Continuing Flight of Dirty Money”
September 16th, 2009
Hilaire Avril interviews RAYMOND BAKER, campaigner against corruption and money-laundering
Inter Press Services
PARIS, Sep 16 (IPS) – Illegal capital flight in the form of corrupt, criminal and illicit commercial proceeds out of developing economies could be as high as one trillion dollars a year.
Not only does it dwarf the 50 billion dollars in development assistance that rich countries disburse annually but it is largely facilitated by the western financial system of tax havens and secrecy jurisdictions.
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