Flows of Illicit Money from Central America Still Growing

The Global Financial Integrity report notes that between 2004 and 2013 the flows of money from Costa Rica from laundering and other illicit sources increased by 10% compared to the period 2003-2012.

Thursday, December 10, 2015


The report entitled "Illicit Financial Flows from Developing Countries: 2004-2013" by Global Financial Integrity, shows that during the 10 years in question, the flow of illicit money from Costa Rica exceeded $11 billion. In the report prepared by Global Financial Integrity, Costa Rica is located at position 15 in the world, surpassed in Latin America in absolute terms only by Mexico ($53 billion) and Brazil ($23 billion). In relation to population or GDP, Costa Rica is a world leader in flows of illicit money.

In Central America, next in the list is Honduras at position 31 ($4.7 billion), then Nicaragua (41, $3 billion), Guatemala (50, $2.2 billion), Panama (52, $2.1 billion) and finally El Salvador (56, $1.7 billion), out of a global ranking of 149 countries.

See "Illicit Financial Flows from Developing Coutries: 2004-2013 ".
See: "An Overview of the Analytical Methodologies Utilized by Global Financial Integrity to Study Illicit Financial Flows".

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