The brief looks at the relationship that exists between IFFs and conflict. Illicit financial flows recognised as one of the greatest contemporary global challenges are intertwined with trade in illicit arms, drugs, and war commodities including precious minerals. They have enabled transnational organised crime, racketeering, human trafficking, asset stripping and tax evasion on a massive scale. Illicit financial flows provide crucial nourishment to violent extremists and armed rebels. They also have a corrosive effect on governance and the strength of institutions, as well as draining resources vital to development – including from many of the world’s poorest countries
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