Yaoundé – At least 50 billion US Dollars annually; this is the astonishing amount of money estimated to leave Africa as Illicit Financial Flows (IFFs) according to the Report of the High Level Panel on Illicit Financial Flows from Africa IFFs pose a huge challenge for economic and social development as well as political security through tax evasion, money laundering, or corruption on the African continent. In an effort to contribute to the fight against IFFs, the International Conference on Illicit Financial Flows will take place in Yaoundé, Cameroon, from May 24 – 26, 2017.
The conference is organised by the African Organisation of Supreme Audit Institutions (AFROSAI), in partnership with the African Tax Administration Forum (ATAF), the African Organisation of Public Accounts Committees (AFROPAC) and the Collaborative Africa Budget Reform Initiative (CABRI).
Supported by the German Development Cooperation (GIZ) on behalf of the European Union and the German Federal Ministry for Economic Development and Cooperation, this conference aims to bring African and international stakeholders together to develop awareness on IFFs, to find answers to the challenges it poses, and to agree on actions geared to combat its consequences. As an outcome of the conference, the participants will adopt a declaration on curbing IFFs through Good Financial Governance (GFG).
Amongst the invited speakers are high-level representatives from the African Union, New Partnership for Africa’s Development (NEPAD), Pan African Parliament, European Parliament, United Nations Economic Commission for Africa (UNECA), World Wide Fund For Nature (WWF), Organisation for Economic Co-operation and Development (OECD), Financial Action Task Force on Money Laundering (FATF), and others.
Please keep an eye on our webpage for a post-conference press release, photos and videos.
Contact: Tobias Fleckenstein (firstname.lastname@example.org)