[SAIIA]In 2012, Africa lost an estimated $43-$46 billion to illicit financial flows (IFF). Calculated over time, the size of this “shadow financial system” is staggering. For instance, between 1980 and 2009 the continent is estimated to have lost around US$1.3 trillion. This is according to a report by Global Financial Integrity (GFI) and the African Development Bank (AfDB) released in May 2013.
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