Headlines AfricaAfrica: Africa Losing Over $50bn Yearly to Illicit Financial Flows, Says ICPC Chair: [This Day] The Chairman, Independent Corrupt Practices and Other Related Offences Commission (ICPC), Dr Musa Aliyu (SAN), has said Africa loses over $50 billion annually to illicit financial flows, undermining development and crippling public services. http://newsfeed.facilit8.network/TPMX93 #Africa #IllicitFinancialFlows #Corruption #PublicServices #Development
Africa: Experts Rally Africa to Unite Against Illicit Financial Flows: [Ghanaian Times] EXPERTS have called for stronger collaboration among African states, regulatory bodies, and financial technology (fintech) companies to curb the growing menace of Illicit Financial Flows (IFFs) draining the continent's resources. http://newsfeed.facilit8.network/TNjVJ6 #Africa #IllicitFinancialFlows #FinancialInclusion #Fintech #Economy
Africa: IFFS Deepening Africa's Debt Crisis, Warns Afrodad: [Liberian Investigator] Illicit Financial Flows (IFFs) are increasingly being recognised as a key driver of Africa's mounting debt crisis, with the continent losing an estimated US$80 to US$90 billion annually through such practices. http://newsfeed.facilit8.network/TKD6zX #Africa #DebtCrisis #IllicitFinancialFlows #Afrodad #EconomicImpact
West Africa: Ecowas Says Africa Loses $88.6 Billion Yearly to Illicit Financial Flows: [Premium Times] "As we work toward realising the ECOWAS Vision 2050, tackling corruption and illicit financial flows (IFFs) is essential to achieving sustainable development and regional stability." http://newsfeed.facilit8.network/TK1tLg #WestAfrica #ECOWAS #IllicitFinancialFlows #Corruption #SustainableDevelopment
Africa: African Countries Urged to Plug Wealth Loss, Stop Illicit Financial Flows: [IPS] Bulawayo -- Africa loses billions of dollars annually through illicit financial flows, resulting in the continent failing to improve the lives of millions of people despite vast mineral wealth, according to experts. http://newsfeed.facilit8.network/THNt35 #Africa #IllicitFinancialFlows #WealthLoss #EconomicDevelopment #FinancialInclusion
EURACTIV Global EuropeEU leads pushback as Africa formally launches plan for UN tax convention https://www.euractiv.com/section/development-policy/news/eu-leads-pushback-as-africa-formally-launches-plan-for-un-tax-convention/?utm_source=dlvr.it&utm_medium=mastodon #EUAfricarelations #globaltaxavoidance #illicitfinancialflows
Peter ChowlaTransparency about the actors in economic and financial matters is an essential component in the ability of country authorities to enforce the law, reduce corruption and ensure taxpayers pay all taxes that are due. Increasing the accuracy and transparency of beneficial ownership information is an important component of solutions for reducing tax avoidance and evasion and combatting corruption and money-laundering.
#fin4dev #sustainabledevelopment #illicitfinancialflows #tax