Towards Transparency: Making The Global Financial System Work For Development

The Financial Transparency Coalition and Policy Forum are co-sponsoring this annual event which brings together leaders in the development and finance communities to draw attention to the growing problem of illicit financial flows. The conference will address how to increase global financial transparency and bolster equitable economic development.

Illicit financial outflows from developing countries – which total around $1 trillion per year – undermine a country’s tax base and erode the accountability that is essential for good governance and global stability.

Conference speakers and participants will discuss the mechanisms of illicit financial flows and how the current system enables the movement of illegal money around the globe.  Presentations throughout the two days will examine the links between illicit financial flows and extractive industries, conflict and instability, illicit wildlife and arms trades, and more.  Participants will also discuss current proposals for greater financial transparency.

Visit the conference website for more information:

http://conference.financialtransparency.org/conf/