Public Tax Money Stolen by Corrupt Officials Each Year

Up to $1.6 Trillion a year in public tax funds is lost to governments around the world due to corruption.

The public assets are funneled around the world through various money laundering methods and other undeclared holdings to offshore bank accounts.

(See the price of bribes around the world.)

Source:  “Corruption costs $1.6tn, UN says,” BBC News, November 9, 2009.