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Africa: Illegal Financials Flows Cost Africa Over U.S.$50 Billion
Capital FM, 16 September 2015
The African Continent is losing over 50 billion US dollars annually due to Illegal Financial Flows (IFFs), according to the United Nations Economic Commission for Africa, adversely… Read more »
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Africa: African Countries Losing Billions Through Illicit Financial Flows - Mbeki
Nation, 15 September 2015
Former South African President has called for stronger government and financial intelligence institutions in the fight against illegal financial flows from Africa. Read more »
African Countries Losing Billions Through Illicit Financial Flows
Former South African President Thabo Mbeki has called for stronger government and financial intelligence institutions in the fight against illegal financial flows from Africa.
The Africa Progress Panel shows how stopping the illicit flow of money from Africa could finance adequate electricity for the whole continent by 2030.
InFocus
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The High-level Panel on Illicit Financial Flows from Africa, headed by former South African President Thabo Mbeki, says an estimated $50 to $60 billion is leaving the continent ... Read more »
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Illicit capital flows out of developing and emerging economies reached a record level in 2012, according to the latest study released by the Washington, DC-based research group, ... Read more »
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Illicit money outflows are draining Africa's domestic resources, depriving it of crucial investment funds. Read more »
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"Illicit financial flows are unrecorded capital flows derived from: (a) proceeds of theft, bribery and other forms of corruption by Government officials; (b) proceeds of criminal ... Read more »
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Africa's money that could be used to improve lives and reduce poverty is leaving the continent through illicit financial flows defined as money illegally earned, transferred and ... Read more »
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Africa reportedly loses double the amount of development aid it receives as a result of illicit flows of money to countries abroad. Now a High-Level Panel on Illicit Financial ... Read more »
