Where do illicit financial flows out of Africa go? TI follows the dirty money
A recent Transparency International investigation of 78 cases involving illicit financial flows from Africa, revealed over US$3.7-billion in corruption-linked African assets stashed in 74 separate jurisdictions, the top culprits of which are wealthy nations. TI used data available from court records, leaked information, investigative reports and other public sources. The organisation says its findings highlight the urgent need for action to close the loopholes that enable money to be moved and hidden around the world.