“US$68.9 Billion Flowed Illegally into or out of Emerging EU Economies in 2011” – Global Financial Integrity – February 3, 2014

On February 3, 2014 Global Financial Integrity (GFI) issued a press release about its new research documenting “that nearly US$70 billion in illicit financial flows—the proceeds of crime, corruption, and tax evasion—flowed into or out of developing and emerging EU member-states in 2011.

In conjunction with the release of the research, GFI urged members of the European Parliament to support the creation of public registries of corporate ownership information in the upcoming vote on key revisions to the European Union (EU) Anti-Money Laundering Directive (AMLD).”

GFI is a Washington, DC-based research and advocacy organization that studies and promotes policies to curtail illicit financial flows.

You may read the press release on the GFI internet site.