Illegal Financial Flows

Illegal financial flows refer to the movement of money across borders that violates laws or regulations. These can include activities like money laundering, tax evasion, or funding illicit enterprises. Such flows often involve hiding the true origin or destination of funds to avoid taxes or legal scrutiny. They can undermine economies, reduce government revenue, and facilitate criminal activities. Addressing illegal financial flows requires international cooperation, strong regulations, and effective oversight to ensure financial systems are not exploited for illegal purposes.