Financial Transparency Coalition

By Robert Ssuuna, Tax Justice Network Africa The changing face of illicit financial flows (IFFs) necessitates multifaceted approaches to detect, remedy and or mitigate risks associated with the phenomenon.  It is therefore paramount that civil society actors in developing countries are able to create and contribute to policy debates for the realization of financial and

“It is no surprise that the Global South is on the front lines of fighting the issue of IFFs – ranging from trade mis-invoicing to tax avoidance and evasion; many such activities continue to be deemed legal and legitimate in developed nations and tax havens. It is therefore a critical need for countries in the

The Tax Justice Network has published a proposal on how to use SWIFT data on bank transfers to detect money laundering schemes.

Illicit financial flows are constantly in flux, and our understanding of them keeps evolving. Estimating just how much money is lost through corruption, tax evasion, money laundering, and tax avoidance can be a difficult task. But understanding what estimates are out there, and what they mean, shouldn’t be.