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About US$2.6 trillion stolen through graft each year


  • Banking
  • Tuesday, 30 Oct 2018

Bank Negara Governor Datuk Nor Shamsiah Yunus: "The fact that the reason for many virtual   currencies is to skirt the formal financial system adds further to the reservations of many."

Bank Negara Governor Datuk Nor Shamsiah Yunus: "The fact that the reason for many virtual currencies is to skirt the formal financial system adds further to the reservations of many."

KUALA LUMPUR: Every year globally, a staggering amount of US$2.6 trillion is stolen through corruption, which is eight times larger than the Malaysian economy, says Bank Negara Governor Datuk Nor Shamsiah Yunus.

She said on Tuesday the US$2.6 trillion was an estimate provided by the United Nations Office of Drugs and Crime which focuses on terrorism financing, corruption and money laundering. 

Banking , Cryptocurrency , Economy

   

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