Academics Stand Against Poverty is conducting a Delphi study on the best way to tackle illicit financial flows through the post-2015 Sustainable Development Goals (SDG).
Illicit financial flows are international movements of funds illegally earned, transferred or utilized. Examples include the proceeds of crime and corruption and funds involved in tax avoidance and evasion schemes. Evidence suggests that developing countries are losing very large amounts of money to illicit financial flows. According to Global Financial Integrity, illicit flows from developing countries totalled $946.7 billion in 2011, and $5.9 trillion cumulatively from 2002 to 2011. This is roughly ten times the amount of money developing countries received in official development assistance. As a result of these losses, the affected countries are less able to finance infrastructure development and provide essential services such as healthcare and education.