China, Russia, India, and Mexico launder as much money as the next 141 developing countries—combined

Russia is on the top with $122.86 billion, followed by China with $249.57 billion in terms of the quantum of black money moving out of a country for 2012.
Russia is on the top with $122.86 billion, followed by China with $249.57 billion in terms of the quantum of black money moving out of a country for 2012.

By Roberto A. Ferdman / Washington Post

Everybody’s heard about the economic growth of China, India, Mexico and Russia (well, at least, until recently). But it turns out that success has come with a big asterisk: These countries now are the biggest source of illegal money in the world, exporting $1 trillion a year in laundered funds, drugs, and under-the-table payments.

This is the dark side of the developing world, according to a new report by international corruption watchdog Global Financial Integrity (GFI). And it’s growing — by 10 percent a year.

http://www.washingtonpost.com/blogs/wonkblog/wp/2014/12/16/china-russia-india-and-mexico-launder-as-much-money-as-the-next-141-developing-countries-combined/