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Orders of Magnitude and the Human Cost of Illicit Financial Flows

by Barker, Raymond
Published by : Global Financial Intergrity (Washington: ) Physical details: 2p. Year: 2014
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The report focuses on the orders of magnitude and the human cost of illicit financial flows .It is estimated that 18 million people die each year of economic deprivation. Calculation were based in good part upon estimating the number of people dying from preventable diseases as well as based on balance of payments and balance of trade data filed by governments with the International Monetary Fund (IMF), the same data that is used by millions of people every day in making decisions about investments, loans, interest rates, exchange rates, and more. The order of magnitude being of relevant importance. Dealing with an enormous drainage of resources contributing to deprivation and death for millions of people. There is an an enormous global challenge to curtail illicit financial flows, achieve greater transparency in the global financial system, and, by so doing, improve the lives of billions of people around the world.

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