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Davos Secrets: Swiss Trade Opacity and Illicit Flows from Developing Countries

This week the World Economic Forum holds its annual meeting in Davos, Switzerland. As the great and good gather to chart the direction of the global economy, there will be much talk of development, of transparency, and of the importance of trade. In light of our new research showing that Switzerland’s recent emergence as a global commodity trading hub might hide large illicit capital flows, participants may want to raise some questions with their hosts.