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Illicit Financial Flows from Developing Countries

Measuring OECD Responses

image of Illicit Financial Flows from Developing Countries

This publication identifies the main areas of weakness and potential areas for action to combat money-laundering, tax evasion, foreign bribery, and to identify, freeze and return stolen assets. It also looks at the role of development agencies and finds that the potential returns to developing countries from using ODA on issues like combating tax evasion or asset recovery are significant.  Finally, it identifies some opportunities for a scaled-up role for development agencies.

English

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Foreword and Acknowledgements

The issue of illicit financial flows (IFFs) is at the forefront of the international agenda. Governments worldwide are joining forces to combat money laundering, tax evasion and international bribery, which make up the bulk of IFFs. Although the exact scale of the problem is unknown, IFFs have devastating effects on developing countries. Instead of attempting to quantify precisely what is, by definition, a hidden activity, now is the time to determine where public funds should best be targeted to make the most impact.

English

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