The most common sources of illicit financial flows are tax evasion and money laundering. Countermeasures include institution building strategies, international cooperation and information exchange, and fiscal transparency. Development practitioners need to understand the nature of the problem of illicit financial flows as an obstacle to development, and be aware of interventions that can reduce such flows.
Fontana, A.; Hearson, M. Illicit financial flows and measures to counter them: An introduction. U4 Anti-Corruption Resource Centre, CMI, Bergen, Norway (2012) 4 pp. [U4 Brief, September 2012: 9]
Illicit financial flows and measures to counter them: An introduction