Corruption and illicit financial flows: The limits and possibilities of current approaches Reed, Quentin Fontana, Alessandra Illicit flows Corruption Money laundering Illicit inflows Illicit outflows This paper attempts to clarify the links between illicit financial flows and corruption, and how corruption may be tackled by stemming such flows. For this purpose, it clarifies the terminology surrounding illicit flows, describes the impact of such flows, outlines the techniques used to launder them (with a particular focus on laundering of the proceeds of corruption), and critically analyses existing policies designed to tackle illicit flows. Australia Chr. Michelsen Institute 2011 2011 Text 52p http://iffoadatabase.trustafrica.org/iff/corruption-and-illicit-financial-flows.pdf