“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.

Continue reading at

Written by admin

🚨@FinTrCo & 36 global civil society orgs call for US to tackle its black hole of financial secrecy undermining demo…
- Wednesday Mar 29 - 2:32pm

Follow @FinTrCo