The 6th Pan African Conference on Illicit Financial Flows and Taxation (PAC) is convened by Tax Justice Network Africa in collaboration with its partners. The theme for this year’s conference is “Corruption as driver of IFFs from Africa”. PAC 2018 is set to take place on the 17th and 18th October in Nairobi, Kenya. PAC provides a platform for multiple stakeholders and policy actors drawn from governments, CSOs, research and academia and other relevant players to deliberate and discuss pertinent issues on the Illicit Financial Flows (IFFs) agenda. Download all conference documentation here.
According to the AU-ECA High Level Panel on IFFs report, it is estimated that corruption accounts for about 5% of global IFFs and the proportion of the USD 100 billion lost through IFFs from Africa is much higher. The responses to the High-Level Panel’s questionnaires on the issue showed that most respondents felt that corruption was the main cause of IFFs from their countries. In addition, the clandestine nature of corruption makes it difficult to estimate the volume of IFFs attributable to corruption.
The conference discussions will contribute and feed into ongoing efforts by the Africa Union to fight corruption and stop IFFs from Africa. Fifteen (15) years after the adoption of the AU Convention on Preventing and Combatting Corruption (AUCPCC), 2018 provides a good opportunity to take stock on progress made so far, assess what still needs to be done and devise new strategies that appropriately address new corruption challenges. The Conference will also provide opportunity to take stock of the success made so far and challenges facing African governments in their efforts to honour their commitments to stem IFFs through the implementation of the High Level Panel recommendations.