M’sia among top 30 for illicit financial outflows

PETALING JAYA: Malaysia’s illicit financial outflow, amounting to a whopping US$33.74bil (RM138.61bil), has placed the country among the highest in the world, Global Financial Integrity (GFI) found.

The Washington think tank’s analysis of illicit financial flows due to trade misinvoicing in 148 developing countries found that both the United Nations (UN) and the Inter­na­tional Monetary Fund (IMF) placed Malaysia among the top 30 countries with high illicit outflows.