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Illicit financial flows and measures to counter them: An introduction

The most common sources of illicit financial flows are tax evasion and money laundering. Countermeasures include institution building strategies, international cooperation and information exchange, and fiscal transparency. Development practitioners need to understand the nature of the problem of illicit financial flows as an obstacle to development, and be aware of interventions that can reduce such flows.

8 October 2012
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Illicit financial flows and measures to counter them: An introduction

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Fontana, A.; Hearson, M. (2012) Illicit financial flows and measures to counter them: An introduction. Bergen: Chr. Michelsen Institute (U4 Brief 2012:9) 4 p.

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About the authors

Alessandra Fontana

Alessandra Fontana is an independent researcher and consultant. She has provided support to developing countries in the implementation of policies and conducted applied research and policy analysis. She worked for the OECD focusing on efforts undertaken by the international community in illicit financial flows and managed projects in corruption prevention in the Middle East and North Africa. She was an adviser for U4 Anti-Corruption Resource Centre, focused on illicit financial flows and political party financing. Prior to that, she managed a large research project for Transparency International on political party financing across Latin America. In 2002, she received a Thomson Reuters Foundation scholarship for her work as a financial journalist in Brazil.

Martin Hearson

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