Investigative Report Uncovers Billions Lost to Illicit Financial Flows in Developing Economies
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The International Consortium of Investigative Journalists (ICIJ) has conducted a comprehensive investigation into the impact of illicit financial flows on developing economies. Utilizing leaked financial documents, expert interviews, and cross-border transaction data analysis, the investigation reveals that billions of dollars are being siphoned from these economies. This loss exacerbates poverty and hinders sustainable development. The findings underscore the need for policy changes to enhance financial transparency and support economic growth in affected regions.
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Source: Icij
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