Nearly $1 trillion worth of illegal funds flows out of the developing world each year, according to a new report from Global Financial Integrity. The source of the flow? Some stems from crime, some from corruption -- but the majority comes from legal, secret tax havens. We discuss the global impact of financial secrecy.
International Financial Transparency
Tom Cardamone, managing director of Global Financial Integrity, which promotes national and multilateral policies, safeguards and agreements aimed at curtailing the cross-border flow of illegal money