01204nam a22001097a 4500100001800000245006700018260005500085300000900140520076000149650006200909856012300971  aPenn, Godfred  aBanks, Illegal Financial Flows and Management of Frozen Assets  aYaounde:  bAfrican Development Bank Group,c2014.  a21p.  aThe factsheet presents an incisive view of IFFs in Africa. Illicit financial flows in Africa involve mainly  the transfer of money earned through corruption, kickbacks, tax evasion, criminal activities, transactions involving contraband goods, and funds transferred in violation of exchange controls. A global approach on IFFs as well as international legal frameworks, Regional Distribution of Illicit Financial Flows in Africa,Drivers of Illicit Financial Flows in Africa are given incisively. The  Development Impact of Illicit Financial Flows and the Role of Multilateral Development Banks is given. Preventing Illicit Financial Flows in AfDB Group Private Sector Operations and the way forward in terms of tackling IFFs is highlighted in the article.  aADVANCE-FREE FRAUD, ASSET STRIPPING, BANK, BANKING SECREC  uhttp://iffoadatabase.trustafrica.org/iff/g.penn-2014may28-presentation-on-illegal-financial-flows-palu-tga-yaounde.pdf