What’s an Illicit Financial Flow?
illicit / financial / flow
The Financial Transparency Coalition works together to curtail the whole range of illicit financial flows. Some FTC members focus on the cross-border movement of money that is illegally earned, transferred, or utilized. These illicit financial flows come from tax evasion, trade manipulation, organized crime, and corrupt payments to public officials in exchange for influence or access to resources. Coalition members also address the wider aspects of illicit flows, including tax avoidance by multinational companies. Common to illicit flows is that they tend to be hidden by those carrying them out, and the coalition works to challenge this financial secrecy.
For more detail on illicit financial flows, and what we do to fight them, visit our Issue pages and our About page. You can also view our infographic laying out some of the latest research on illicit financial flows.