Almost $20b in dirty money left Myanmar in five decades: Researchers
Almost US$20 billion in dirty money linked to corruption, crime and tax evasion has left Myanmar in the past five decades, slashing government revenue and driving a thriving underground economy, a money-laundering watchdog said on 9 September.
Fraudulent invoicing of trade deals and physical smuggling of drugs, timber, gems and other goods pose big challenges to Myanmar, which will hold its first general election next month since the end of military rule, US-based Global Financial Integrity said in a report.
