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Illicit transactions cost Zim $2,6bn

HARARE – Zimbabwe lost approximately $2,6 billion in the nine years to 2012 due to Illicit Financial Flows (IFFs), a study by United States-based Global Financial Integrity (GFI) has revealed. In the survey — Illicit Financial Flows from Developing Countries: 2003-2012 — the Washington DC research and advocacy group said Zimbabwe recorded alarming imports over-invoicing…

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