By the Blouin News Business staff

Monthly Archives: December 2012

The $6 trillion heist

by in Global Economy.
GFI Illicit Capital Flight

If you were to steal, say, Sweden or Switzerland or Saudi Arabia, all economies with an annual GDP of around $600 billion, somebody would notice. And they’d likely do something about it. Especially if there was one such theft every year for a decade. Which would be the cumulative equivalent of tea-leafing Japan.¬†Yet that is what gets stolen from developing nations every year as the proceeds of crime, corruption and tax evasion get illegally spirited…

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