Mbeki to meet US Officials on illicit financial outflows from Africa

Abstract

The Assembly of Heads of States and Governments for the Chair of the High Level Panel on Illicit Financial Flows (IFF) from Africa to continue to lead advocacy efforts both regionally and globally on the issue, the Chair of the Panel, Mr. Thabo Mbeki, Former President of the Republic of South Africa will be making an official visit to the United States of America between February 16-19, 2016. The request came in the form of the Special Declaration on IFF which was promptly passed by the Assembly upon their endorsed acceptance of the High Level Panel Report on Illicit Financial Flows (IFF) from Africa at the 24th African Union Summit held in January 2015 in Addis Ababa, Ethiopia. In a move that was both swift and unanimous, the Assembly of African Heads of States demonstrated a full understanding of the concerns raised by illicit financial outflows leaving Africa and noted that "all forms of IFF including tax evasion by multinational corporations and money laundering constitute a drain on the resources required for Africa’s development.