Category Archives: News

China, Russia, India, and Mexico are biggest source of illegal money

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.

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.

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/