Illicit financial flows in the WB6 - new trends and dynamics
A Talk by Anesa Agovic , Ivica Simonovski , Vanja Petrovic and Dardan Kocani
About this Talk
The damaging impact of illicit financial flows (IFFs) on the Western Balkans is not new. Recent assessments of IFFs in the Western Balkans by the Global Initiative against Transnational Organized Crime (GI-TOC) confirmed how the widespread corruption and the growth of criminal organizations and tax evasion continue to facilitate the spread of IFFs across the region. Forms of transferring and investing illicit money are numerous and reports suggest that methods are becoming increasingly more sophisticated.
Questions are sometimes asked such as “what do IFFs have to do with civil society”, or “what can civil society do about it?” This is the reason why GI-TOC is implementing a project funded by the GIZ to increase knowledge on the issue of IFFs and call upon civil society, media and academia join efforts in countering IFFs. During our panel, the researchers will present updated findings on the Western Balkans with recommendations for future actions in curbing enablers of illicit financial flows.