CORRUPTION NEWSAU: 2018 is the African anti-corruption year 24 Aug 2017, 9:18 By Liesl Louw-Vaudran First published on the Institute for Security Studies (ISS) The African Union (AU) has marked 2018 as the African anti-corruption year, with the theme of Winning the Fight Against Corruption: A Sustainable Path to Africa’s Transformation. Anti-corruption activists and organisations across the continent will be happy to hear this. It comes at Read more >
CORRUPTION NEWS The effect of illicit financial flows on Africa 15 Jul 2016, 14:01 The problem with illicit financial flows is not just that they are illicit, but that their effect spreads far beyond their immediate area of occurrence. Millions of people are affected, economies are weakened, and development is halted, while a shady few accumulate wealth and influence. A high level conference, held on 14 July at Pretoria Read more >
CORRUPTION NEWS Money laundering and related crimes – info centre 18 May 2016, 14:22 Money laundering and illicit financial flows are two related, but distinct types of corruption that pose a huge threat to development and political and economic stability around the world. Developing countries are especially hard hit. The two are closely linked to the concept of beneficial ownership, which is a term referring to the true owner Read more >
CORRUPTION NEWS $1-trillion-plus estimated to have left Africa illegally 14 Mar 2016, 12:35 by Khayalethu Hamana Over the past 50 years, Africa is estimated to have lost more than $1-trillion in illicit financial flows, but this may well fall short of reality, because accurate data does not exist for many countries. The estimates often exclude illicit flows, such as the proceeds of bribery and the trafficking of drugs, Read more >
CORRUPTION NEWS How corruption drives illicit financial flows 10 Jul 2015, 14:19 By Khalil Goga At the recent Pan-African Parliament session in South Africa, former South African president Thabo Mbeki presented the African Union high-level report on illicit financial flows (IFFs). The parliament accepted the report and its recommendations, showing an increased urgency in limiting IFFs on the continent. The Mbeki report refers to IFFs as funds Read more >
CORRUPTION NEWS Africa’s bleeding stops here! 26 Jun 2015, 9:42 Africa has been bleeding for decades, losing trillions of dollars to tax dodgers through illicit financial flows. This phenomenon, a common practice by multinational corporations, is also known as “illicit financial flight”. This is money that could have gone towards development interests for millions of Africans. To help remedy the state of affairs, a new Read more >
CORRUPTION NEWS Mbeki: illicit financial flows crippling the continent 25 May 2015, 11:56 Former president Thabo Mbeki chairs the African Union’s high level panel on illicit financial flows (IFFs). He addressed the Pan-African Parliament last week on the excessive cost to Africa of these illegal activities. Read Mbeki’s full speech below. Honourable President and Vice Presidents of the Pan African Parliament, Honourable Members, Ladies and Gentlemen: I would Read more >
