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10 Countries with Highest Illicit Financial Flows

By SiliconIndia   |   Monday, 21 January 2013, 13:15 Hrs   |    2 Comments
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Bangalore: Currencies are the most important medium of exchange. Any nation’s growth depends on the value of their currency.

But in recent times, it is found that more than the growth of the nation, people are concentrated on their own growth. This is the reason why many countries are not able to develop and the common population is still striving for food.

As recorded by Global Finance Integrity for the period of 2001-2010, here is the list of the 10 countries with maximum flow of unlawful money as reported by Yahoo.

1. China
Amount: $ 2.74 trillion

The most populated country in the world which has one of the wonders of the world, ‘The Great Wall’.  China is also known for their technology, martial arts and the second largest country by land area. China’s fame is an unending list.
This nation also tops the list of unlawful money. Between the years 2001-2010, this nation’s unlawful outflow was estimated to be $ 2.74 trillion.

2. Mexico
Amount: $ 476 billion

The name ‘Mexico’ itself is enough to reflect colorful-decorated flavored cuisines, chocolates, music, mariachis and many more. It is the world’s eleventh most populated country in the world.
In tourism based income, Mexico holds the twenty third rank in the world. Well, Mexico is also popular for its crime rates. Drug trafficking and other narcotic related problems are the major issues in Mexico.

This is not the end for Mexico. With a possession of $ 476 billion, Global Financial Integrity has ranked Mexico as the successor of China in the list of illicit money.

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Reader's comments(2)
1: Is something illegal when a govt can't get it in its hands? Surely most govts have repeatedly shown they cannot handle citizens' money responsibly and hence taxes should be far lower. Why not have a uniform ten percent income tax and leave out anyone who earns less than 6 lakhs (or a more appropriate number) a year? Why punish (not just tax!) the successful?
Your illicit money list does not include the HUGE laundering of tyrants' money or profits from drugs/arms/major crimes done by Switz, Austria, Lichtenstein, British Caymans, Bermuda, etc. These countries live off ill gotten money.
Posted by:bharati - 22 Jan, 2013
2: no wonder, India is also in the lost...lol
Posted by:reehan - 21 Jan, 2013