Illegal money flowing out from Georgia
By Messenger Staff
Wednesday, April 27Transparancy.ge has spread information gathered by GFI about the illegal outflow of finances from developing countries. The information in this report states that illegal money leaving Georgia in 2000-2008 exceeded USD 4 bln. This means that during this period the outflow of illegal money from Georgia reached half a bln USD annually. Georgian experts however challenge not only the figures but the activity itself. It is very difficult to identify precisely what kind of money is considered to be 'illegal money'. All the transfers are made through the banks and the national bank can control this outflow, therefore neither the origin nor the destination of this money is entirely clear.