Cash Flight from Iraq

in Business Risk

A report by the United States Special Inspector General states that $1 Billion per week is leaving Iraq. The report states that up to 80 percent of the money leaving is believed to consist of various money laundering techniques.

Source:  Tony Capaccio, “Iraq Violence Surges Amid Corruption, U.S. Report Finds,” Bloomberg Businessweek, October 30, 2012.

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