Executive summary
- Author: United Nations Interregional Crime and Justice Research Institute
- Main Title: Drivers of Illicit Financial Flows , pp 6-6
- Publication Date: August 2019
- DOI: https://doi.org/10.18356/55619196-en
- Language: English
Cross-border capital movements that serve to conceal illegal activities or evade taxation have been recently placed at the centre of the international agenda. Trade misinvoicing, profit shifting by multinational corporations, and offshore bank deposits to conceal the proceeds of crime or simply to avoid taxes, all deprive national treasuries of much needed resources - which could otherwise be invested in development. Vulnerable populations in developing countries are the most affected by the harmful consequences of illicit financial flows. Revenue losses due to illicit financial flows compromise development and impede the effective provision of public services in affected countries.
© United Nations
ISBN (PDF):
9789210044479
Book DOI:
https://doi.org/10.18356/6291a961-en
Related Subject(s):
Drugs Crime and Terrorism
;
Economic and Social Development
;
International Law and Justice
Sustainable Development Goals:
-
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