Posts

Where do illicit financial flows out of Africa go? TI follows the dirty money

Image: International Monetary Fund Illicit financial flows (IFFs) have been, and continue to be, a huge problem for developing countries, especially. They hinder countries’ ability to meet the UN sustainable development goals, because they undermine the fiscal systems which are in place to collect government revenue, and reduce the amount of funds available for development Read more >

Dismantle the secrecy surrounding legal vehicles and their assets

Beneficial ownership is back in the news at the moment. Opacity in knowledge of the real person behind a company, trust, or corporation, and who will ultimately benefit from its activities – the beneficial owner – is crucial to combating money laundering, tax abuse, and corruption.   Illicit financial flows (IFFs) cost money, resources, and Read more >

Africa’s bleeding stops here!

Africa has been bleeding for decades, losing trillions of dollars to tax dodgers through illicit financial flows. This phenomenon, a common practice by multinational corporations, is also known as “illicit financial flight”. This is money that could have gone towards development interests for millions of Africans. To help remedy the state of affairs, a new Read more >