Organised by

The World Bank Group
The Organisation for Economic Cooperation and Development
The United Nations Office for Drugs and Crime
with the cooperation of the Governments of: Sweden and the United Kingdom
and with the support of Thailand

Summary

With the commitment highlighted in the Draft Addis Ababa Accord to strengthen national regulation and international cooperation to combat illicit financial flows (IFFs) as background, this side event aims to identify concrete policy actions to prevent and reduce such flows. Actions will be required from a range of actors – from developed and developing countries, international organizations, the private sector, and civil society.
Discussions will provide insight into what it will take to prevent and reduce Illicit Financial Flows, and what is needed to change the underlying behaviors that give rise to the flows. Discussions will also focus on the impact of illicit flows, particularly on resource mobilisation for the SDGs, and their role as key determinants of growth, development, governance and security. The event aims to discuss the opportunities, at the global and country levels, to improve policy coherence, enhance targeting, and the role of multi-stakeholder partnerships in implementing approaches that mitigate the risk of illicit financial flows while supporting growth and prosperity. The session will support the commitment of countries to implement coherent approaches, grounded in international norms, linked to national development plans, and dedicated to having impact on the ground.

Related Information

• OECD Policy Coherence For Sustainable Development
• The World Bank Group Financial Market Integrity Group
• UNODC
• Stolen Asset Recovery Initiative