Thailand 13th in illicit capital outflow | Bangkok Post: news

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Thailand 13th in illicit capital outflow

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  • Writer: Adam Renton
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Crime, corruption and tax evasion costs Thailand an average of $6.43 billion (197 billion baht) per year, according to the authors of a report on illicit financial outflows in the developing world. 

The kingdom ranks 13th in the world in a survey by Washington-based non-profit advocacy organisation, Global Financial Integrity (GFI), released this week.

China topped the list on Illicit Financial Flows from Developing Countries: 2001-2010, with Malaysia in third, the Philippines in sixth, Indonesia in ninth and Brunei 20th. 

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