Illicit Financial Flows from South Africa

Illicit Financial Flows from South Africa

Author: Serges Djoyou Kamga

Publisher: Routledge

Published: 2021-09-21

Total Pages: 196

ISBN-13: 1000434524

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This book examines the detrimental impact of illicit financial flows on South Africa’s development, political economy, and transformation in the 21st century. Over the years, illicit financial flows have led to the systematic looting and channelling away of South African resources, yet they are rarely studied by researchers looking to explain the country’s underdevelopment and political economy. This book looks across sectors, showing that illicit financial flows cut across all the key pillars of development, frustrating the betterment of peoples’ lives in South Africa. Investigating the problem from a decolonial perspective, the book delves deep into the catastrophic impacts of illicit financial flows for people and the economy, discusses how the problem is being combatted, and ultimately suggests solutions for rebuilding social trust between people and the state. Making an important contribution to the decolonial debate, as well as to discussions of South Africa’s political economy, this book will be of interest to researchers across African studies, global development, political science, law and corruption studies.


Book Synopsis Illicit Financial Flows from South Africa by : Serges Djoyou Kamga

Download or read book Illicit Financial Flows from South Africa written by Serges Djoyou Kamga and published by Routledge. This book was released on 2021-09-21 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the detrimental impact of illicit financial flows on South Africa’s development, political economy, and transformation in the 21st century. Over the years, illicit financial flows have led to the systematic looting and channelling away of South African resources, yet they are rarely studied by researchers looking to explain the country’s underdevelopment and political economy. This book looks across sectors, showing that illicit financial flows cut across all the key pillars of development, frustrating the betterment of peoples’ lives in South Africa. Investigating the problem from a decolonial perspective, the book delves deep into the catastrophic impacts of illicit financial flows for people and the economy, discusses how the problem is being combatted, and ultimately suggests solutions for rebuilding social trust between people and the state. Making an important contribution to the decolonial debate, as well as to discussions of South Africa’s political economy, this book will be of interest to researchers across African studies, global development, political science, law and corruption studies.


Illicit Financial Flows from Developing Countries Measuring OECD Responses

Illicit Financial Flows from Developing Countries Measuring OECD Responses

Author: OECD

Publisher: OECD Publishing

Published: 2014-04-23

Total Pages: 128

ISBN-13: 9264203508

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This publication identifies the main areas of weakness and potential areas for action to combat money-laundering, tax evasion, foreign bribery, and to identify, freeze and return stolen assets.


Book Synopsis Illicit Financial Flows from Developing Countries Measuring OECD Responses by : OECD

Download or read book Illicit Financial Flows from Developing Countries Measuring OECD Responses written by OECD and published by OECD Publishing. This book was released on 2014-04-23 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication identifies the main areas of weakness and potential areas for action to combat money-laundering, tax evasion, foreign bribery, and to identify, freeze and return stolen assets.


Right to Development and Illicit Financial Flows from Africa

Right to Development and Illicit Financial Flows from Africa

Author: Gerard Emmanuel Kamdem Kamga

Publisher: Lexington Books

Published: 2024-02-15

Total Pages: 339

ISBN-13: 1666932310

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Gerard Emmanuel Kamdem Kamga, Serges Djoyou Kamga, and Arnold Kwesiga explore a relatively new phenomenon, namely referred to as illicit financial flows, that aim to impoverish the African continent and prevent its economic development. There is a direct relationship between illicit financial flows and failed initiatives to realize the right to development on the continent. For instance, in 2016, Africa received $41 billion towards public development while $50 billion left the continent through illicit financial flows. The gap between recent economic achievements on the continent and its state of generalized underdevelopment coupled with rampant poverty, corruption, prolonged economic crisis, and political instabilities signals an issue with resource allocations. The systematic theft of resources by multinational corporations and criminal networks is a hard blow to the idea of people-driven development in line with the Pan African vision of “an integrated, prosperous and peaceful Africa” proclaimed by Agenda 2063. Right to Development and Illicit Financial Flows from Africa: Dynamics, Perspectives, and Prospects provides insights into the dynamics and perspectives on illicit financial flows and its dire impacts on the right to development and development initiatives across the continent.


Book Synopsis Right to Development and Illicit Financial Flows from Africa by : Gerard Emmanuel Kamdem Kamga

Download or read book Right to Development and Illicit Financial Flows from Africa written by Gerard Emmanuel Kamdem Kamga and published by Lexington Books. This book was released on 2024-02-15 with total page 339 pages. Available in PDF, EPUB and Kindle. Book excerpt: Gerard Emmanuel Kamdem Kamga, Serges Djoyou Kamga, and Arnold Kwesiga explore a relatively new phenomenon, namely referred to as illicit financial flows, that aim to impoverish the African continent and prevent its economic development. There is a direct relationship between illicit financial flows and failed initiatives to realize the right to development on the continent. For instance, in 2016, Africa received $41 billion towards public development while $50 billion left the continent through illicit financial flows. The gap between recent economic achievements on the continent and its state of generalized underdevelopment coupled with rampant poverty, corruption, prolonged economic crisis, and political instabilities signals an issue with resource allocations. The systematic theft of resources by multinational corporations and criminal networks is a hard blow to the idea of people-driven development in line with the Pan African vision of “an integrated, prosperous and peaceful Africa” proclaimed by Agenda 2063. Right to Development and Illicit Financial Flows from Africa: Dynamics, Perspectives, and Prospects provides insights into the dynamics and perspectives on illicit financial flows and its dire impacts on the right to development and development initiatives across the continent.


Practical Challenges in Fighting Illicit Financial Flows

Practical Challenges in Fighting Illicit Financial Flows

Author: Liezemarie Johannes

Publisher:

Published: 2017

Total Pages: 22

ISBN-13:

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Book Synopsis Practical Challenges in Fighting Illicit Financial Flows by : Liezemarie Johannes

Download or read book Practical Challenges in Fighting Illicit Financial Flows written by Liezemarie Johannes and published by . This book was released on 2017 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt:


Track It! Stop It! Get It!

Track It! Stop It! Get It!

Author: High Level Panel on Illicit Financial Flows from Africa

Publisher:

Published: 2015

Total Pages: 122

ISBN-13:

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Book Synopsis Track It! Stop It! Get It! by : High Level Panel on Illicit Financial Flows from Africa

Download or read book Track It! Stop It! Get It! written by High Level Panel on Illicit Financial Flows from Africa and published by . This book was released on 2015 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt:


On the Trail of Capital Flight from Africa

On the Trail of Capital Flight from Africa

Author: Léonce Ndikumana

Publisher: Oxford University Press

Published: 2021-12-23

Total Pages: 273

ISBN-13: 0192594222

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On the Trail of Capital Flight from Africa investigates the dynamics of capital flight from Angola, Côte d'Ivoire, and South Africa, countries that have witnessed large-scale illicit financial outflows in recent decades. Quantitative, qualitative, and institutional analysis for each country is used to examine the modus operandi of capital flight; that is, the 'who', 'how', and 'where' dimensions of the phenomenon. 'Who' refers to major domestic and foreign players; 'how' refers to mechanisms of capital acquisition, transfer, and concealment; and 'where' refers to the destinations of capital flight and the transactions involved. The evidence reveals a complex network of actors and enablers involved in orchestrating and facilitating capital flight and the accumulation of private wealth in offshore secrecy jurisdictions. This underscores the reality that capital flight is a global phenomenon, and that measures to curtail it are a shared responsibility for Africa and the global community. Addressing the problem of capital flight and related issues such as trade misinvoicing, money laundering, tax evasion, and theft of public assets by political and economic elites will require national and global efforts with a high level of coordination.


Book Synopsis On the Trail of Capital Flight from Africa by : Léonce Ndikumana

Download or read book On the Trail of Capital Flight from Africa written by Léonce Ndikumana and published by Oxford University Press. This book was released on 2021-12-23 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: On the Trail of Capital Flight from Africa investigates the dynamics of capital flight from Angola, Côte d'Ivoire, and South Africa, countries that have witnessed large-scale illicit financial outflows in recent decades. Quantitative, qualitative, and institutional analysis for each country is used to examine the modus operandi of capital flight; that is, the 'who', 'how', and 'where' dimensions of the phenomenon. 'Who' refers to major domestic and foreign players; 'how' refers to mechanisms of capital acquisition, transfer, and concealment; and 'where' refers to the destinations of capital flight and the transactions involved. The evidence reveals a complex network of actors and enablers involved in orchestrating and facilitating capital flight and the accumulation of private wealth in offshore secrecy jurisdictions. This underscores the reality that capital flight is a global phenomenon, and that measures to curtail it are a shared responsibility for Africa and the global community. Addressing the problem of capital flight and related issues such as trade misinvoicing, money laundering, tax evasion, and theft of public assets by political and economic elites will require national and global efforts with a high level of coordination.


Assessing Tax Compliance and Illicit Financial Flows in South Africa

Assessing Tax Compliance and Illicit Financial Flows in South Africa

Author: Oecd

Publisher:

Published: 2022-04-08

Total Pages: 100

ISBN-13: 9789264746442

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Book Synopsis Assessing Tax Compliance and Illicit Financial Flows in South Africa by : Oecd

Download or read book Assessing Tax Compliance and Illicit Financial Flows in South Africa written by Oecd and published by . This book was released on 2022-04-08 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt:


Walking the Talk on Illicit Financial Flows

Walking the Talk on Illicit Financial Flows

Author: ActionAid (Organization)

Publisher:

Published: 2009*

Total Pages: 8

ISBN-13:

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Book Synopsis Walking the Talk on Illicit Financial Flows by : ActionAid (Organization)

Download or read book Walking the Talk on Illicit Financial Flows written by ActionAid (Organization) and published by . This book was released on 2009* with total page 8 pages. Available in PDF, EPUB and Kindle. Book excerpt:


Global Shell Games

Global Shell Games

Author: Michael G. Findley

Publisher: Cambridge University Press

Published: 2014-01-23

Total Pages: 275

ISBN-13: 110704314X

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Every year a staggering number of corporate service providers mask perpetrators of terrorist financing, corruption and illegal arms trades, but the degree to which firms flout global identification standards remains unknown. This book sheds new light on the sordid world of anonymous shell corporations through a series of field experiments.


Book Synopsis Global Shell Games by : Michael G. Findley

Download or read book Global Shell Games written by Michael G. Findley and published by Cambridge University Press. This book was released on 2014-01-23 with total page 275 pages. Available in PDF, EPUB and Kindle. Book excerpt: Every year a staggering number of corporate service providers mask perpetrators of terrorist financing, corruption and illegal arms trades, but the degree to which firms flout global identification standards remains unknown. This book sheds new light on the sordid world of anonymous shell corporations through a series of field experiments.


Capital Flight from Africa

Capital Flight from Africa

Author: Simeon Ibidayo Ajayi

Publisher: Oxford University Press, USA

Published: 2015

Total Pages: 455

ISBN-13: 0198718551

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A comprehensive thematic analysis of capital flight from Africa, it covers the role of safe havens, offshore financial centres, and banking secrecy in facilitating illicit financial flows and provides rich insights to policy makers interested in designing strategies to address the problems of capital flight and illicit financial flows.


Book Synopsis Capital Flight from Africa by : Simeon Ibidayo Ajayi

Download or read book Capital Flight from Africa written by Simeon Ibidayo Ajayi and published by Oxford University Press, USA. This book was released on 2015 with total page 455 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive thematic analysis of capital flight from Africa, it covers the role of safe havens, offshore financial centres, and banking secrecy in facilitating illicit financial flows and provides rich insights to policy makers interested in designing strategies to address the problems of capital flight and illicit financial flows.