Shedding light on dark money: how governments can tackle illicit finance

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December 13, 2022
Global
Finance

Governments around the world are missing out on billions of dollars of revenue that would otherwise be available to fund vital public services. The money is lost through a variety of problems, from corruption and tax evasion to terrorism.

The cash lost leaves a dent in the public finances and – at a time when many governments are facing fiscal constraints following the coronavirus pandemic – tackling the flow of dark money has never been more vital. According to the United Nations Conference on Trade and Development (UNCTAD), money moved illegally from developing countries erodes their already limited financial resources to invest in the public services needed to recover sustainably. In Africa, for example, UNCTAD estimates that some countries with large flows of illicit finance spend on average 25% less on health and 58% less on education compared with countries with lower rates.

And the need for action is not just financial. Tackling the flow of dirty money in an economy also helps to tackle crime, making it tougher for criminals to spend their ill gotten gains.

This webinar will look at what actions governments can take to tackle illicit finance flows. It will cover:

  • How nations can measure the scale of illicit finance in their country – and how they can develop their plans to tackle it
  • How to structure the public sector response to get the most effective action
  • How governments can work together globally to tackle the problem of illicit finance

Public servants can register here for free to attend this webinar

Time

USA/Canada Eastern Time (EST): 09:30 – 10:45
Greenwich Mean Time (GMT): 14:30 – 15:45
Central European Time (CET): 15:30 – 16:45
Eastern European Time (EET): 16:30 – 17:45
Singapore Time (SGT): 22:30 – 23:45
Australian Eastern Standard Time (AEST): 01:30 – 02:45