LV: USD 6.1bn illegal outflow from Latvia in 2001-2010 survey.

By bne IntelliNews January 24, 2013
According to the survey Illicit Financial Flows from Developing Countries: 2001-2010 performed by the Global Financial Integrity organisation, USD 6.068bn were channeled out of Latvia illegally in 2001-2010. The biggest capital outflow is estimated in 2005 (USD 1.97bn) and the smallest in 2007 (USD 212mn), while there is no data for 2009 and 2010. Illicit outflow from Lithuania in the reporting period was USD 392mn, while Estonia was not part of the survey. The survey estimates the outflow of capital via crime, corruption, and tax evasion. To compare, the top 3 illicit outflows were for China (USD 2.74tn), Mexico (USD 475.6bn), and Malaysia (USD 285.2bn).

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