“High Level Panel (HLP) on Illicit Financial Flows (IFF) from Africa” UNITED NATIONS ECONOMIC COMMISSION FOR AFRICA BALANCE OF PAYMENTS BROOKINGS INSTITUTIONS CAPITAL OUTFLOW CAPITAL INFLOW CORRUPTION CUSTOMS DUMMY ENTITIES INVESTMENTS MONEY LAUNDERING ILLICIT WEALTH SMUGGLING TAX EVASION TAX HAVENS The note provides a background information on the work of the High Level Panel, its mission, main activities and expectations from the various consultations undertaken by the Panel. the HLP has now the primary role of further exploring and gaining a better understanding of the nature of illicit financial flows out of Africa and assessing its impact on continental development. In addition, it is envisaged hat the HLP would work to increase collaboration and cooperation amongst African countries, their Regional Economic Communities and external development partners to promote better global understanding of the scale of the problem for African economies and encourage the adoption of relevant national, regional and global policies, including safeguards and agreements to redress the situation. New York United Nations 2013. 2013. Text iffoadatabase.trustafrica.org/iff/un_high_level_panel_(hlp)_on_illicit_financial_flows.pdf