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Showing posts with label Illicit Financial Outflow. Show all posts
Showing posts with label Illicit Financial Outflow. Show all posts

Thursday, January 20, 2011

Malaysia is world's No 5 in illicit outflows

Malaysiakini

Malaysia is among the countries which registered the highest illicit financial outflows over a period of nine years in the last decade.

According to a ground-breaking report by Washington-based financial watchdog Global Financial Integrity (GFI), money flows out of Malaysia have more than tripled from 2000 to 2008.

The outflow from Malaysia in 2000 was RM67.7 billion (US$22.2 billion). Eight years later, this has ballooned to RM208 billion ($68.2 billion).