Illicit finance

Illicit finance refers to the illegal movement and handling of money, often linked to activities like crime, corruption, or terrorism. This includes money laundering—making illegally obtained funds appear legal—tax evasion, fraud, and the financing of illicit enterprises. Such practices distort financial systems, undermine economies, and can fund further criminal activities. Governments and financial institutions work to detect and prevent illicit finance to maintain economic stability, uphold the rule of law, and ensure that financial resources support legitimate activities.