Africa: Illicit Financial Flows – Time to Stop the Theft of Africa’s Resources

[U.S.-Africa Bridge Building Project] Illicit Financial Flows (IFFs) are funds transferred across an international border using financial mechanisms that are either clearly illegal or illegitimate (even if possibly legal) because of the harm they cause to society. The United Nations Conference on Trade Development (UNCTAD) estimates that Africa loses 88.6 billion dollars each year, a figure that exceeds development funds and foreign direct investment. In addition to robbing African development resources, IFFs also undermine public trust, pushRead the Original Article