Drivers of Illicit Financial Flows

Format *
This study offers a comparative analysis of 42 countries, examining common trends among causes leading to illicit cross-border money transfers. Its findings support
existing theoretical frameworks on the key drivers of illicit financial flows. Our analysis has identified that most countries that experience large transfers to offshore bank
accounts are characterized by weak regulatory systems: i.e., shortcomings in the institutional capacities to detect, monitor and prosecute illicit financial flows are the
primary drivers behind tax evasion. The growing availability of macroeconomic and governance data on developing countries provides avenues for more detailed research on illicit financial flows in the future. As alternative methodologies for measuring these flows become more sophisticated, there is both a pressing need and a huge potential for the advancement of a research agenda focusing on illicit cross-border money flows.

Details:

Agency/Department
United Nations Interregional Crime and Justice Research Institute
Print ISBN
9789211320527
PDF ISBN
9789210044479
Print Publication Date
PDF Publication Date
Page Count
54
Print Sales Number
19.III.N.2

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