illicit financial flows Archives

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Tax Justice Network: Financial secrecy a growing driver of autocracy

06 Jun 2025, 12:18

The Tax Justice Network (TJN) released the 2025 edition of its Financial Secrecy Index (FSI) on 3 June 2025, following on the previous edition released in 2022. The key finding, says the organisation, is that those countries who provide the most financial secrecy are clearly moving towards autocracy. Of this year’s top 10, says TJN, Read more >

OPINIONS

There’s more to anti-corruption speak than just words

12 May 2025, 12:48

By Moepeng Valencia Talane – CW Voices There is something worrying and unnervingly consistent in the messaging around corruption by members of the executive in South Africa’s government, mostly because of the tone that is set and the words that are used. Yes, it’s important to reflect truthfully and call a spade a spade when Read more >

CORRUPTION NEWS

South Africa at the helm of Commonwealth Africa’s anti-corruption body

12 May 2025, 11:55

Image: AAACOA South Africa currently chairs the Botswana-based Association of Heads of Anti-Corruption Agencies in Commonwealth Africa (AAACOA). The country, in the person of Special Investigating Unit (SIU) head Adv. Andy Mothibi, recently assumed the chairperson’s seat from Ghana and will keep it throughout the 2025-2026 term. The handover took place during the closing session Read more >

CORRUPTION NEWS

Extreme wealth tax could boost the fiscus and help fight corruption

16 Apr 2025, 10:52

The concept of a wealth tax is a current hot topic of discussion around the world. There are numerous arguments for and against the practice, with some saying a wealth tax might be inequitable and place more of a burden on the middle class than the rich, and others saying a moderate, progressive tax is Read more >

CORRUPTION NEWS

Addressing gender-based corruption challenges across Africa

10 Apr 2025, 11:46

Image: Flickr/UN Women The 11th session of the Africa Regional Forum on Sustainable Development (ARFSD-11) is taking place this week in Kampala, Uganda. The theme is Driving job creation and economic growth through sustainable, inclusive, science-based and evidence-based solutions for the 2030 Agenda for Sustainable Development and Agenda 2063: The Africa We Want, of the Read more >

CORRUPTION NEWS

Tax justice now – why the world needs a new global tax framework

21 Jan 2025, 13:24

For those who wonder why such a fuss is made about illicit financial flows in the form of tax abuse, here is the reason – countries around the world are losing US$492-billion in tax a year because multinational corporations and wealthy individuals are able to use tax havens to avoid or underpay tax. Nearly half Read more >

CORRUPTION NEWS

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

08 Jan 2025, 13:02

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 >

CORRUPTION NEWS

Tackling corruption a key priority for SA’s G20 presidency in 2025

06 Jan 2025, 12:53

South Africa currently holds the G20 presidency, in a first for the African continent. Its term runs from 1 December 2024 to 30 November 2025 – coming to an end just five years before the deadline of the UN’s 2030 agenda for sustainable development, which encompasses the 17 sustainable development goals (SDGs). The country has Read more >

PUBLICATIONS

TI addresses land corruption in Africa from AU perspective, with new paper

22 Nov 2024, 13:08

Land governance in Africa is increasingly seen as a major challenge, because of the continent’s vast size, its swathes of rich arable land, its fast-growing population, and its food security challenges, among other factors. The UN’s Food and Agriculture Organisation defines land governance as “an existing system of rules, processes and structures by which decisions Read more >