Description
The emphasis on illicit financial flows (IFFs) as a major disabler to sustainable development is well grounded in the Addis Agenda. The latter calls onto the international community to substantially reduce IFFs, with a view to eliminating them by 2030. Commitment to combat IFFs was further upheld by SDG target (16.4). The conduits of IFFs and their delivery channels are nonetheless evolving outpacing detection at every corner. The forces influencing global interconnectivity in trade, finance, communications and transport are the very forces that continue to drive IFFs to remain ahead of the curve both in sophistication and use of technology. The panel will deliver expert insights from senior policy-makers and assessments from key stakeholders on the illicit finance landscape to determine effective approaches to define IFFs, identify where most significant increases in illicit finance is taking place; and under which forms as well as how successful have international efforts been in combatting them.
