The Council on Foreign Relations (CFR) has published a new report on combatting illicit financial flows (IFFs).
The report – entitled Global Governance to Combat Illicit Financial Flows: Measurement, Evaluation, Innovation – includes contributions from six authors who assess the nature of IFFs and consider how best to define and measure them.
The authors suggest improvements in the evaluation of existing policies as well as innovations that would increase the effectiveness of global governance.
The report also outlines an agenda for future action that CFR hopes will inform collective action to combat IFFs on the part of public, private, and non-governmental actors.
The report says that so far accurate measurement has not kept pace with the expanding definition of IFFs and the effectiveness of existing policies and programmes to counter these flows is uncertain.
Political attention fluctuates, affecting both international and inter-agency coordination and national implementation say the authors, who conclude that these and several more shortcomings limit the efficacy of global efforts to combat IFFs.
CFR is a non-partisan New York based think tank. Its membership includes government officials, global business leaders and prominent members of the intelligence and foreign policy community. It analyses and convenes meetings on international issues.
Global Governance to Combat Illicit Financial Flows: Measurement, Evaluation, Innovation can be downloaded from this page here.
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