India has 3rd highest trade-related illicit financial flow among 135 countries: US think tank GFI

08:30:00 AM, Thursday 5th of March 2020 | in business

According to GFI (Global Financial Integrity) a US-based think tank, India has the 3rd highest trade-related illicit financial flow with $83.5 billion among 135 countries. It classifies as illicit flow funds that are illegally earned, transferred or utilised across an international border. The primary sources are grand corruption, commercial tax evasion & transnational crime. China was the largest over a 10-year period.