01109nam a22001097a 4500100001500000245006300015260003700078300000800115520065200123650015800775856006600933  aWorld Bank  aIllicit Financial Flows: A Global Challenge Underestimated  aWashington DCbWorld Bankc2014.  a4p.  aAn article based on the presentations made during the World Bank’s  2014 Annual Meetings, the World Bank Group convened a public forum on illicit financial flows with high-profile speakers from Bangladesh, Denmark and Norway, as well as the Washington, D.C.-based research and advocacy organization Global Financial Integrity. The speakers at the forum stressed the need for a higher pace and a broader range of actions to curb the negative impact of illicit financial flows on sustainable development. Major issues that arose include ,the effects of IFFs,Global initiatives to curb IFFs as well as the role of  International Corruption Hunters.  aCORRUPTION BALANCE OF PAYMENTS CAPITAL FLIGHT CAPITAL OUTFLOW DEBT FAKING TRANSACTIONS ILLICIT WEALTH MONEY LAUNDERING SMUGGLING TAX EVASION UNDERPRICING  uiffoadatabase.trustafrica.org/iff/illicit_financial_flows.pdf