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.
The relationship between development aid and capital flows from Africa.
Economic Commission for Africa, 14 May 2018
ADDIS ABABA, 13 MAY 2018: Experts have called for combined forces to stem the illicit movement of money and capital from one country to another amid revelations that illicit… Read more »
ISS, 20 April 2018
A recently passed law could make it easier for companies to dodge tax in Kenya. This could increase the rate of illicit financial flows and, contrary to government's goals,… Read more »
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 »
Civil society representatives are demanding that the UN trade body's conference outcome document deals with curbing tax evasion and avoidance. Read more »