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Corruption costs $1.6tn, UN says
The United Nations (UN) has said political corruption costs governments about $1.6tn (£951bn) every year.

The money is lost in public assets moved across borders via money-laundering or undeclared holdings.

The figure comes as the UN, World Bank and other watchdog meet in Doha, Qatar, to try to give a four-year-old anti-corruption agreement some teeth.

But hopes are low of countries agreeing to independent reviews into countries' finances to look for missing money. ...