The Economic Impact of Illicit Financial Flows on African Development Corruption is the abuse of entrusted power for private gain. Money laundering is the process of concealing the origins of money obtained through illegal activities. Together, these practices facilitate illicit financial flows in Africa. For a layman, this is the equivalent of “cleaning” stolen or … Continue reading Illicit Financial Flows in Africa: How Corruption and Money Laundering Are Weakening Business and Development