The Global Financial Integrity report places Costa Rica and Panama in positions 14 and 18 in the list of countries that moved the largest flows of illegal money in the world between 2003 and 2012.
The report entitled "Illicit Financial Flows from Developing Countries: 2003-2012" by Global Financial Integrity, said that between those years, the flow of illicit money in Costa Rica exceeded $94 billion, about $30 billion more than the amount accumulated between 2001 and 2011, according to reports from the same institution in mid-2013.
While in Colombia the activities of the company have already been outlawed, in Panama regulatory gaps have prevented a clear definition about the company from being made.
An article in Prensa.com reports that "... the Superintendency of Banks (SBP) and the Securities Market of Panama (SMV), jointly issued a statement in which they asked the Public Ministry (MP) to investigate Emgoldex Panama in order to determine whether activities totaling about six months in the country "are framed as criminal behavior in criminal law."
In Honduras the same ratio is 20%, in Panama 12%, 15% in Nicaragua, and in El Salvador and Guatemala 4%.
At the global level similar percentages are seen in Brunei Darussalam with 21%, Paraguay with 19%, Malaysia 15%, Trinidad and Tobago 14%, Belarus 12%, and Iraq 10%.
The data comes from calculating the relationship between the respective Gross Domestic Product in 2011 (according to the World Bank) and the average illicit flows of money from every country in the years 2002-2011, according to the Illicit Financial Flows from Developing Countries report, 2002-2011.
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