00889nam a22001097a 4500100005000000245002800050260006900078300000900147520051200156650001900668856009200687  aUnited Nations Economic Commission for Africa  aIllicit Financial Flows  aAddis AbababUnited Nations Economic Commission for Africac2014  a12p.  aIllicit financial flows occur mainly through corruption, illegal resource exploitation and tax evasion. Acts of corruption include bribes paid by companies and money embezzled from tax collection and budgetary allocations. Illegal resource exploitation has to do with undeclared corporate revenues from illegal resource exploitation and tax evasion (including smuggling and transfer pricing). These forms of illicit financial flows have dire consequences for the revenue streams of the extractive industry.   aIllicit Wealth  uiffoadatabase.trustafrica.org/iff/adf_ix-issues_paper_2-illicit_financial_flows_(1).pdf