1945

One clear demonstration of the growing international concern around IFFs is that, for the first time ever, the United Nations-driven renewed global development agenda incorporates a specific target related to combating illicit financial flows. The 2030 Agenda for Sustainable Development that includes 17 goals with 169 targets and is reflected in the UN Resolution on Transforming Our World (adopted by the UN General Assembly on 25 September 2015), makes specific reference to IFFs. In particular, target 4 of Goal 16 (SDG 16.4) aims to “significantly reduce illicit financial and arms flows, strengthen the recovery and return of stolen assets and combat all forms of organized crime”.

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