ASEAN nations top in ‘dirty money’ export

by Arno Maierbrugger

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).

"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)

Dipetik dari - Investvine

Pautan berkaitan,

Full report - Illicit Financial Flows from Developing Countries: 2002-2011