Illicit money outflow reached $2 billion per year. Hot money and trade mis-invoicing are main factors

Lebanon lost around $20 billion in illicit financial outflows from 2004 to 2013, according to the Washington-based research and advocacy organization Global Financial Integrity (GFI).

Lebanon was ranked 54th among 145 developing countries in terms of average illicit financial outflows. Its annual average was nearly $2 billion. The largest outflow was recorded in 2007 and amounted to $6.61 billion, according to GFI's annual report, which assesses the illicit flow of money out of the develo...

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