Tuesday, 18 February 2014

 

Illicit financial flows from Africa: Track it, Stop it, Get it PDF Print Email
Tuesday, 18 February 2014 12:52 News

Illicit financial flows from Africa: Track it, Stop it, Get it

By Masimba Tafirenyika*

New York, February 18, 2014 (UN) -- The figures are staggering: between $1.2 trillion and $1.4 trillion has left Africa through illicit financial flows between 1980 and 2009—roughly equal to Africa’s current gross domestic product and surpassing, by far, the money it received from outside over the same period. Illicit financial flows are money earned illegally and transferred for use elsewhere.


 

 

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