Illicit financial flows top $32 billion in ten years. Leakage is facilitated by lack of transparency

Illicit financial flows between Lebanon and the outside world reached $32.6 billion over the ten-year period 2005-2014, accounting for 17 percent of the country's total trade over the period, according to average estimates by U.S.-based research and advocacy organization Global Financial Integrity (GFI).

GFI's report, 'Illicit Financial Flows to and from Developing Countries: 2005-2014', defines total trade as the sum of exports and imports. The country's total trade amounted to $197.5 b...

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