Africa Needs to Develop New Ways of Stemming Illicit Financial Flows Gossel, R. Illicit Wealth, Tax Evasion, Corruption This article highlights how Africa can combat illicit financial flows. Over the last 50 years African countries have lost about $1 trillion to illicit financial flows. This equates to around $50 billion a year and is equivalent to all the official development assistance received by the continent over the same period. Combating Africa’s illicit financial flows will require a much closer and more active continental and global partnership than has historically been the case. Australia The Conversation 2016 2016 Text 3p. iffoadatabase.trustafrica.org/iff/Africa needs to develop new ways of stemming illicit financial flows.pdf