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World Economic Forum

Meta-Council on the Illicit Economy 2014-2016 - Geneva World conomic Forum 2014. - 1p

The article tackles illicit economy which places grave danger to global growth. Criminal activities such as corruption and tax evasion make up 8% of world trade, according to UN Office on Drugs and Crime. Organized crime preys on every aspect of society, with football, banking secrecy and endangered species being its most high-profile victims in the past year.Its aim is to strengthen the multi stakeholder approach to engage the private sector, government and civil society by creating a public-private partnership space to hold conversation around this topic; discover ways to collaborate and develop cross-cutting approach to address such a complex issue; and enhance public awareness and understanding to the harms and impacts of illicit economy.


ADVANCE FREE-FRAUD BALANCE OF PAYMENTS ILLICIT WEALTH CAPITAL FLIGHT CORRUPTION FAKING TRANSACTIONS HUMAN TRAFICKING NATURAL RESOURCES SMUGGLING TAX EVASION TAX HAVENS UNDERPRICING