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It’s a known fact that African economies have in the last two decades, lost between trillions of dollars to illicit financial flows that’s nearly equal to the
For over two decades, the issue of Illicit Financial Flows (IFFs) has been a major concern for the Africa as assets and funds running into billions of dollars continue to find its way out of the continent as a result of corrupt public servants and multinational corporations. Their destination is the Western and European countries.
Though stakeholders including the African Union Member-States have played significant roles in the international efforts to combat these opaque and destabilizing transfers of capital, such efforts have not yielded the desired goal.
The African Union (AU) High-Level Panel on Illicit Financial Flows (AU HLP on IFF) and the Working Group on the Common African Position on Asset Recovery
The conference is organised in line with African Union Decisions and Instruments adopted by African Heads of State and Government.