Transparency on who owns what company can help win the fight against illicit flows.

That leaves more than half the gap as illicit flows.

This includes passing legislation designed to stop illicit flows, creating financial intelligence units and monitoring banking activities.

Ultimately to recover assets while closing the door to further illicit flows are two sides of the same coin.

The report finds that most countries have regulations in line with the standards, but also that they could do more to stop illicit flows.

Illicit flows have greatly increased since the economy was liberalised in 1991.

Illicit flows out of China were 10 times that in 2011 alone, according to Global Financial Integrity, a U.S.-based think tank.