Illicit financial flows

International actors whose activities lead to corruption – options for countering the problems

Mike Wilson, Unsplash

Globalisation has been beneficial in many ways. However, the structures that facilitate legitimate businesses and international financial transactions are also used for illicit purposes: laundering proceeds of corruption, generating illicit flows out of development countries, paying bribes or evading taxes. These mechanisms create incentives for corrupt behaviour in developing and developed countries and need solutions at local and international levels.

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