ASEAN nations top in ‘dirty money’ export

Reading Time: 1 minute

ringgit KLMalaysia, Indonesia, Thailand, the Philippines and Brunei are among the top 25 “dirty money” exporters out of 150 developing countries from 2002 to 2011, according to a recent report of the Global Financial Integrity (GFI).

“Dirty money” means financial outflows from illicit businesses, tax evasion, crime and corruption,

According to GFI, the developing world lost a total of $5.9 trillion in illegal capital outflows over the decade spanning from 2002 to 2011. In 2011 alone, illicit outflows totaled to $946.7 billion, which saw a 13.7 per cent increase from 2010 with $832.4 billion, and a dramatic surge from 2002 with $270.3 billion.

Top contributor within ASEAN is Malaysia with $370.38 billion over the past decade or $37.04 billion annually in average. Malaysia is followed by Indonesia, Thailand, the Philippines and Brunei. See the full list below:

25 biggest exporters of illegal money over the decade:

1. China – $1.08 trillion ($107.56 billion average)
2. Russia – $880.96 billion ($88.10 billion average)
3. Mexico – $461.86 billion ($46.19 billion average)
4. Malaysia – $370.38 billion ($37.04 billion average)
5. India – $343.93 billion ($34.39 billion average)
6. Saudi Arabia – $266.43 billion ($26.64 billion average)
7. Brazil – $192.69 billion ($19.27 billion average)
8. Indonesia – $181.83 billion ($18.18 billion average)
*9. Iraq – $78.79 billion ($15.76 billion average)
10. Nigeria – $142.27 billion ($14.23 billion average)

11. Thailand – $140.88 billion ($14.09 billion average)
12. United Arab Emirates – $114.64 billion ($11.46 billion average)
13. South Africa – $100.73 billion ($10.07 billion average)
14. Philippines – $88.87 billion ($8.89 billion average)
15. Costa Rica – $80.65 billion ($8.06 billion average)
16. Belarus – $75.09 billion ($7.51 billion average)
17. Qatar – $62.82 billion ($6.28 billion average)
18. Poland – $49.39 billion ($4.94 billion average)
19. Serbia – $49.37 billion ($4.94 billion average)
20. Chile – $45.20 billion ($4.52 billion average)

21. Paraguay – $40.12 billion ($4.01 billion average)
22. Venezuela – $38.97 billion ($3.90 billion average)
23. Brunei – $38.37 billion ($3.84 billion average)
24. Panama – $38.09 billion ($3.81 billion average)
25. Turkey – $37.28 billion ($3.73 billion average)

Do you like this post?
  • Fascinated
  • Happy
  • Sad
  • Angry
  • Bored
  • Afraid

Reading Time: 1 minute

Malaysia, Indonesia, Thailand, the Philippines and Brunei are among the top 25 “dirty money” exporters out of 150 developing countries from 2002 to 2011, according to a recent report of the Global Financial Integrity (GFI).

Reading Time: 1 minute

ringgit KLMalaysia, Indonesia, Thailand, the Philippines and Brunei are among the top 25 “dirty money” exporters out of 150 developing countries from 2002 to 2011, according to a recent report of the Global Financial Integrity (GFI).

“Dirty money” means financial outflows from illicit businesses, tax evasion, crime and corruption,

According to GFI, the developing world lost a total of $5.9 trillion in illegal capital outflows over the decade spanning from 2002 to 2011. In 2011 alone, illicit outflows totaled to $946.7 billion, which saw a 13.7 per cent increase from 2010 with $832.4 billion, and a dramatic surge from 2002 with $270.3 billion.

Top contributor within ASEAN is Malaysia with $370.38 billion over the past decade or $37.04 billion annually in average. Malaysia is followed by Indonesia, Thailand, the Philippines and Brunei. See the full list below:

25 biggest exporters of illegal money over the decade:

1. China – $1.08 trillion ($107.56 billion average)
2. Russia – $880.96 billion ($88.10 billion average)
3. Mexico – $461.86 billion ($46.19 billion average)
4. Malaysia – $370.38 billion ($37.04 billion average)
5. India – $343.93 billion ($34.39 billion average)
6. Saudi Arabia – $266.43 billion ($26.64 billion average)
7. Brazil – $192.69 billion ($19.27 billion average)
8. Indonesia – $181.83 billion ($18.18 billion average)
*9. Iraq – $78.79 billion ($15.76 billion average)
10. Nigeria – $142.27 billion ($14.23 billion average)

11. Thailand – $140.88 billion ($14.09 billion average)
12. United Arab Emirates – $114.64 billion ($11.46 billion average)
13. South Africa – $100.73 billion ($10.07 billion average)
14. Philippines – $88.87 billion ($8.89 billion average)
15. Costa Rica – $80.65 billion ($8.06 billion average)
16. Belarus – $75.09 billion ($7.51 billion average)
17. Qatar – $62.82 billion ($6.28 billion average)
18. Poland – $49.39 billion ($4.94 billion average)
19. Serbia – $49.37 billion ($4.94 billion average)
20. Chile – $45.20 billion ($4.52 billion average)

21. Paraguay – $40.12 billion ($4.01 billion average)
22. Venezuela – $38.97 billion ($3.90 billion average)
23. Brunei – $38.37 billion ($3.84 billion average)
24. Panama – $38.09 billion ($3.81 billion average)
25. Turkey – $37.28 billion ($3.73 billion average)

Do you like this post?
  • Fascinated
  • Happy
  • Sad
  • Angry
  • Bored
  • Afraid