The Spectre of Illicit Financial Flows: Undermining Justice
Illicit financial flows are the illegal cross border movement of funds from one jurisdiction to another originated, transferred or used from proceeds of crime and corruption, or activities like money laundering, trade-based manipulation, and tax dodging practices used by multinational corporations (MNCs) or the rich. They categorically undermine the socio-political and economic justice of a country. The primer focuses on issues rooted in developing countries and the need for restoring justice by putting an end to these outflows.
