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 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.
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Published by Oxford University Press on behalf of the World Bank
2020-02
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| Subjects: | ILLICIT FINANCIAL FLOWS, TAX EVASION, MONEY LAUNDERING, |
| Online Access: | http://hdl.handle.net/10986/36093 |
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dig-okr-10986360932021-08-11T05:10:38Z 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 |
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Banco Mundial |
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biblioteca |
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America del Norte |
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Biblioteca del Banco Mundial |
| topic |
ILLICIT FINANCIAL FLOWS TAX EVASION MONEY LAUNDERING ILLICIT FINANCIAL FLOWS TAX EVASION MONEY LAUNDERING |
| spellingShingle |
ILLICIT FINANCIAL FLOWS TAX EVASION MONEY LAUNDERING 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 |
| topic_facet |
ILLICIT FINANCIAL FLOWS TAX EVASION MONEY LAUNDERING |
| 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 |
2020-02 |
| url |
http://hdl.handle.net/10986/36093 |
| work_keys_str_mv |
AT collinmatthew illicitfinancialflowsconceptsmeasurementandevidence |
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