Before revision:   We investigate here  recent data on illicit financial flows from developing countries and reveal that the data does submit to Benford's law . Further, the general improvement in the statistical accuracy we find here supports the applicability of the two stage normalization in filtering out countries from database for which illicit financial flows are not substantial .
After revision:  Particularly, the law is known to hold for different types of financial data. The Illicit Financial Flows (IFFs) exiting the developing countries are frequently discussed as hidden resources which could have been otherwise properly utilized for their development. We investigate here recent data on illicit financial flows from developing countries and reveal that the data does submit to Benford's law . Further, the general improvement in the statistical accuracy we find here supports the applicability of the two stage normalization in filtering out countries from database for which illicit financial flows are not substantial .