Download: Concept Note

Illicit Financial Flows (IFFs) are described as Africa's "most silent and ruinous affliction," commanding losses of $50 to $80 billion annually through opaque methods like trade misinvoicing and tax evasion, and stealthily leaching wealth into international financial centers. This systemic looting, which involves a deep-rooted collusion between African elites, multinational corporations, financial institutions, and offshore centers, fundamentally hinders...