Costa Rica, Panama tops in Central America for bringing in illegal cash flows

February 16, 2011

Panama and Costa Rica lead the way in illegal money flow in Central America, according to a report issued by Global Financial Integrity.  When compared to the country’s gross domestic product, Panama and Costa Rica have the largest illegal cash flow, right ahead of Honduras. Nicaragua, El Salvador and Guatemala rank near the bottom of the list.

A total of $14,000 million per year in illegal cash flows could be found in Central America. The report analyzed the flows of money generated by criminal activities and corruption between 2000 and 2009.

Costa Rica contributed $4,359 million of the grand total (fifth in Latin America). To view the full report, click here. (PDF)

Facebook Comments

You may be interested

Five things I learned while watching the sun set over El Clásico
Soccer
830 views
Soccer
830 views

Five things I learned while watching the sun set over El Clásico

Alejandro Zúñiga - October 22, 2018

TIBÁS — It’s difficult to enjoy a spectacular sunset while the concrete grandstand of a 50-year-old stadium shakes haphazardly under…

The Tico Times Weekly Digest: Oct. 22, 2018
Tico Times Weekly Digest
429 views
Tico Times Weekly Digest
429 views

The Tico Times Weekly Digest: Oct. 22, 2018

Alexander Villegas - October 22, 2018

It's Monday everyone. That means it's time for another dose of The Tico Times Weekly Digest. This week's Digest is…

This week in the Peace Corps: Lessons from indigenous communities in Limón province
Changemakers
901 views
Changemakers
901 views

This week in the Peace Corps: Lessons from indigenous communities in Limón province

Crystal / Regional Peace Corps Leader - October 22, 2018

After four years with Peace Corps Costa Rica, I am reflective about living and working in indigenous communities throughout Limón…