It is 2020, yet an international consensus on what illicit financial flows are, and how they should be tackled is still to be reached. As states face a growing legitimacy and political crisis globally, developing countries continue to bear the most retrogressive impact of illicit finance on social justice, rights and intersecting inequalities.
From the halls of the United Nations and G20 Summits to the streets of cities across the world, illicit financial flows are becoming a hotly debated topic. High profile leaks like the Panama Papers have drawn the public’s attention to the extreme secrecy available for the right price. When trillions of dollars flow through a shadow financial system beyond public scrutiny, citizens of rich and poor countries both lose. Northern governments under pressure to stop illicit financial flows have been outspoken in communiqués and press releases, but 3 of the top 5 secrecy jurisdictions still lie in Europe and the U.S. This, coupled with a number of recent backslides on financial transparency, makes a concerted push all the more timely.
The Financial Transparency Coalition, Perkumpulan Prakarsa and Transparency International Indonesia hosted Many Voices, One Purpose: The 6th Financial Transparency Conference in Jakarta, Indonesia on 20-21 October at the Sari Pan Pacific Jakarta hotel.
Download the conference agenda and list of speakers here.
View photos and download speaker presentations here.
The Financial Transparency Coalition and LATINDADD successfully hosted the 2014 conference, which brought together government officials, civil society organizations, journalists, and other experts to discuss a wide-range of issues related to illicit financial flows. Through strategy and training sessions, presentations, and meetings, the FTC conference presented a unique opportunity to facilitate learning, strategizing and policy analysis in a venue that brings multiple stakeholders together.