Africa Struggling to Tackle Illicit Capital Flows
Money illegally transferred across borders has more than doubled to U.S.$100 billion annually from U.S.$50 billion in 2015, but a lack of cooperation and information exchange between countries is limiting efforts to prevent illicit financial flows, experts say.
Photo: Health Poverty Action
The relationship between development aid and capital flows from Africa.
InFocus
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Angola has recovered the U.S.$500 million transferred to a bank account in London in an allegedly illicit operation involving José Filomeno dos Santos, the son of the ... Read more »
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Nigeria reportedly lost about U.S.$1 trillion last year to tax evasion, and U.S.$178 billion to illicit financial flows in the last 10 years. The government said to address the ... Read more »
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Civil society representatives are demanding that the UN trade body's conference outcome document deals with curbing tax evasion and avoidance. Read more »
