Consider the following statements:
1. The s (GFI) on December 15 ,2014 released the Global Illicit Financial Flows Report 2014 titled Illicit Financial Flows from the Developing World: 2003-2012.
2. The report finds that the developing world lost 6.6 trillion US dollars in illicit financial flows from 2003-2012. Illicit outflows are alarmingly increasing at an average rate of 9.4 percent per year. 991.2 billion US dollars flowed illicitly out of developing and emerging economies in 2012.
3. Asia continues to be the region of the developing world with the greatest volume of illicit financial flows, comprising 40.3 percent.
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