Meta-Council on the Illicit Economy 2014-2016 World Economic Forum ADVANCE FREE-FRAUD BALANCE OF PAYMENTS ILLICIT WEALTH CAPITAL FLIGHT CORRUPTION FAKING TRANSACTIONS HUMAN TRAFICKING NATURAL RESOURCES SMUGGLING TAX EVASION TAX HAVENS UNDERPRICING The article tackles illicit economy which places grave danger to global growth. Criminal activities such as corruption and tax evasion make up 8% of world trade, according to UN Office on Drugs and Crime. Organized crime preys on every aspect of society, with football, banking secrecy and endangered species being its most high-profile victims in the past year.Its aim is to strengthen the multi stakeholder approach to engage the private sector, government and civil society by creating a public-private partnership space to hold conversation around this topic; discover ways to collaborate and develop cross-cutting approach to address such a complex issue; and enhance public awareness and understanding to the harms and impacts of illicit economy. Geneva World conomic Forum 2014. 2014. Text 1p iffoadatabase.trustafrica.org/iff/meta-council_on_the_illicit_economy_2014-2016_.pdf