| 000 -LEADER | |
|---|---|
| fixed length control field | 01581nam a22001217a 4500 |
| 100 ## - MAIN ENTRY--AUTHOR NAME | |
| Personal name | Mushava, Everson |
| 245 ## - TITLE STATEMENT | |
| Title | Africa losing $150bn to illegal financial flows’ |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) | |
| Place of publication | Harare |
| Name of publisher | Newsday |
| Year of publication | 2014 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc | The article talks of the major causes and effects of IFFs in Africa and the developing world in particular,based on presentations delivered at the Financing Africa’s Structural Transformation Pan –African Conference, titled “Curbing illicit financial flows and mobilising domestic resources”, organised by African Forum and Network on debt and development (Afrodad) in Victoria Falls. Africa is losing about $150 billion annually due to illegal financial flows through corruption, financial embezzlement and tax incentives to conglomerates. Diamond trade had been done clandestinely since its discovering in Marange in 2007 in Zimbabwe. “Illicit financial flows undermines the role of the states in mobilising internal resources and therefore take a leading role in social transformation,” Trust Africa’s Bomba, said we end up mortgaging minerals resources and getting very expensive loans yet we can avoid it if we stop capital flight. |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical Term | ADVANCE-FREE FRAUD, ARMS TRAFFICKING, BALANCE OF PAYMENTS, BANKING SECRECY, CAPITAL FLIGHT, CAPITAL OUTFLOW, CORRUPTION, COUNTERFEITING, CUSTOMS, ENVIRONMENT, FALSE BILLING, GOOD GOVERNANCE, ILLICIT WEALTH, MONEY LAUNDERING, SMUGGLING, TAX EVASION, TAXES, TERRORISM, WEAPONS |
| 856 ## - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | http://iffoadatabase.trustafrica.org/iff/africa_losing_$150bn_to_illegal_financial_flows’.docx |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Koha item type | News Articles |
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