Hidden in Plain Sight: Illicit Financial Flows
- The Minskys 2017
- 5p.
This article explores how illicit financial flows, often mistaken as capital flight occur and the role they play in keeping economies from developing ,especially in the African continent. It groups Illicit flows in three categories namely; commercial activities, which account for 65% of IFFs; criminal activities, estimated to be about 30%; and corruption, amounting to around 5% .The article ranks trade mis-invoicing as the most common way illicit funds leave developing nations, averaging 83.4%.
