Illicit financial flows again in the spotlight
The G20 Development Working Group has released a document outlining its call to action for countries to adopt a new set of voluntary and non-binding high-level principles for combating illicit financial flows. The group urges countries to intensify their efforts to clamp down on illicit flows through a multi-faceted approach which includes strengthening financial regulatory systems and revenue management, leveraging technology, and adopting and effectively implementing anti-corruption measures – among others.
