Financial Transparency Coalition

Last week, Task Force and Global Financial Integrity Director Raymond Baker spoke at the Wilson Center in Washington DC, on the topic of Global Financial Integrity's new report, Russia: Illicit Financial Flows and the Role of the Underground Economy, and its implications for Russia's political and economic future. He also took questions from the audience.

WASHINGTON, DC – According to media reports, the Governor of the Central Bank of Russia stated Wednesday that roughly $50 billion was illegally siphoned out of Russia in 2012, echoing research published last week by Global Financial Integrity (GFI), a Washington, DC-based research and advocacy organization, which estimated that an annual average of $62 billion was illicitly smuggled out of Russia in recent years.