Reintroducing large commercial banks into the oil and gas commodity trade could be a way to reduce the volume of illicit financial flows (IFFs) out of resource-rich developing countries according to a new report published by the Organisation for Economic Co-operation and Development (OECD).

The scale of IFFs out of such countries is immense. The report concedes that measurements of IFFs are “inherently rubbery and definitions vary” but argues that the problem is clearly signed by record levels of capital outflows.

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