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GI-ACE Report Launch: Curbing IFFs and the Enablers of Corruption
October 13, 2022 @ 4:30 pm - 5:00 pm
In a 2020 report by the United Nations Conference on Trade and Development (UNCTAD), it was estimated that annual outflows of illicit finance from sub-Saharan Africa were around USD $88.6 billion – almost double of total foreign aid flowing into Africa. Most of that ends up in countries in the global north facilitated by a group of professionals collectively known as “the enablers”.
Who is behind it and how can this be mitigated? Join this event for an insightful discussion presenting the latest research on this topic, commissioned by GI-ACE and funded by FCDO.
This event will launch a new GI-ACE research report on global finance and the enablers of corruption. Noah Arshinoff will be joined by Jane Humphreys, one of two co-authors for a conversation moderated by Lakshmi Kumar (Policy Director, Global Financial Integrity). The discussion will be held live at the Open Gov Hub in Washington, D.C. on October 13th at 4pm, with an online option to join and a happy hour to follow.
The report examines the evidence of the involvement of various enabler sectors in IFFs and the tools that have been used to thwart them. It also examines whether these tools have been effective and where gaps in research remain that need to be addressed in order to drive actionable policy responses.
The authors draw on existing evidence of regulatory frameworks, tools, and novel instruments used to deter various enablers (e.g. lawyers, bankers, accountants, educational institutions – among others) from contributing to illicit financial flows around the world.
Learn more about this short-term research project here.