‘Web of corrupt activity’ costs poorest countries a trillion dollars a year

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More than 3.5 million lives a year could be saved if the G20 cracked down on the corrupt business practices, money laundering and tax evasion that cost the world’s poorest countries at least a trillion dollars a year, according to a new report. The Trillion Dollar Scandal study, by the campaigning and advocacy group ONE, says developing countries’ efforts to fight poverty, disease and hunger are being damaged by “a web of corrupt activity” that siphons hundreds of billions of dollars from their economies every year.

Read the story by Sam Jones in The Guardian.

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