Cobham, A. creator text Madrid Elcano Royal Institute 2018 monographic 11p. This brief paper aims to provide a background to the Sustainable Development Goals target 16.4. It describes Illicit financial flows as an umbrella term that covers cross-border movements related to tax avoidance, tax evasion, regulatory abuses, bribery and the theft of state assets, the laundering of the proceeds of crime and the financing of terrorism. Illicit Wealth iffoadatabase.trustafrica.org/iff/Target-2030-illicit-financial-flows.pdf iffoadatabase.trustafrica.org/iff/Target-2030-illicit-financial-flows.pdf