Global Initiative conducts assessment of illicit financial flows (IFFs) in the Western Balkans confirming how corruption, rise of criminal organisations, TBML and tax evasion continue to facilitate IFFs

The assessment confirms how widespread corruption, the rise of criminal organisations, trade-based money laundering and tax evasion continue to facilitate IFFs. In an effort to address these shortcomings and to enhance awareness and knowledge of IFFs in the region, the GI-TOC will launch an online IFFs toolkit as part of the project ‘Countering Illicit Financial Flows in the Western Balkans’…