Indonesia Ranks Number Eight on Money Laundering
17 December 2014 16:02 WIB
TEMPO.CO, Washington - Indonesia and three other ASEAN countries are included in the top 20 money laundering destination during the past decade. Indonesia sits on number eight with a total of US$18.8 billion coming out from Indonesia through money laundering, tax evasion, and trade document forgery.
Global Financial Integrity report unveiled the dirty practice that took place during the 2003 to 2012 period. The three other countries are Malaysia (number three) with US$39.5 billion, Thailand (number nine) with US$17.2 billion, and the Phillipines (number 15) with US$9.439 billion.
The report, entitled "Illicit Financial Flows from Developing Countries: 2003-2012", revealed that there has been money laundering, corruption, and tax evasion that cost US$991.2 billion in 2012 only. The report also showed that in the last decade, 151 countires have lost a total of US$6.6 trillions.
BANGKOK POST | AL JAZEERA | PHILSTAR | NATALIA SANTI