Illicit Financial Flows : Concepts, Measurement, and Evidence

There is a growing consensus that the presence of illegal and harmful cross-border financial flows is one of the factors impeding economic and human development. In recent years, a new conceptual framework for describing these “illicit” financial flows (IFFs) has emerged that combines issues ranging...

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Bibliographic Details
Main Author:	Collin, Matthew
Format:	Journal Article
Published:	Published by Oxford University Press on behalf of the World Bank 2021
Subjects:	ILLICIT FINANCIAL FLOWS TAX EVASION MONEY LAUNDERING
Online Access:	http://hdl.handle.net/10986/36093

id	okr-10986-36093
recordtype	oai_dc
spelling	okr-10986-360932021-08-11T05:10:38Z Illicit Financial Flows : Concepts, Measurement, and Evidence Collin, Matthew ILLICIT FINANCIAL FLOWS TAX EVASION MONEY LAUNDERING There is a growing consensus that the presence of illegal and harmful cross-border financial flows is one of the factors impeding economic and human development. In recent years, a new conceptual framework for describing these “illicit” financial flows (IFFs) has emerged that combines issues ranging from cross-border money laundering to tax evasion. This article summarizes and clarifies recent empirical work in this area. Three types of studies are considered and critiqued: (i) methods of measuring IFFs, (ii) constructed risk indicators, and (iii) forensic studies that aim to uncover instances where illicit flows have occurred. The article discusses the limitations of all three approaches and proposes ways in which the research agenda on IFFs could be reasonably advanced, given the hidden nature of the subject. 2021-08-10T15:06:56Z 2021-08-10T15:06:56Z 2020-02 Journal Article World Bank Research Observer 1564-6971 http://hdl.handle.net/10986/36093 CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Published by Oxford University Press on behalf of the World Bank Publications & Research Publications & Research :: Journal Article
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
topic	ILLICIT FINANCIAL FLOWS TAX EVASION MONEY LAUNDERING
spellingShingle	ILLICIT FINANCIAL FLOWS TAX EVASION MONEY LAUNDERING Collin, Matthew Illicit Financial Flows : Concepts, Measurement, and Evidence
description	There is a growing consensus that the presence of illegal and harmful cross-border financial flows is one of the factors impeding economic and human development. In recent years, a new conceptual framework for describing these “illicit” financial flows (IFFs) has emerged that combines issues ranging from cross-border money laundering to tax evasion. This article summarizes and clarifies recent empirical work in this area. Three types of studies are considered and critiqued: (i) methods of measuring IFFs, (ii) constructed risk indicators, and (iii) forensic studies that aim to uncover instances where illicit flows have occurred. The article discusses the limitations of all three approaches and proposes ways in which the research agenda on IFFs could be reasonably advanced, given the hidden nature of the subject.
format	Journal Article
author	Collin, Matthew
author_facet	Collin, Matthew
author_sort	Collin, Matthew
title	Illicit Financial Flows : Concepts, Measurement, and Evidence
title_short	Illicit Financial Flows : Concepts, Measurement, and Evidence
title_full	Illicit Financial Flows : Concepts, Measurement, and Evidence
title_fullStr	Illicit Financial Flows : Concepts, Measurement, and Evidence
title_full_unstemmed	Illicit Financial Flows : Concepts, Measurement, and Evidence
title_sort	illicit financial flows : concepts, measurement, and evidence
publisher	Published by Oxford University Press on behalf of the World Bank
publishDate	2021
url	http://hdl.handle.net/10986/36093
_version_	1764484412662087680

Illicit Financial Flows : Concepts, Measurement, and Evidence

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