Going Against The Flow
This resource delves into Africa's battle against illicit financial flows (IFFs), exploring the massive losses the continent faces and the efforts being made to curb these outflows. With an estimated $1 trillion lost over the last 50 years, Africa is working hard to strengthen regulations around anti-money laundering (AML) and counter-financing of terrorism (CFT) to protect its financial integrity and foster economic development. Download this Afriwise Intelligence report to learn about the latest legal developments, gaps in AML/CFT frameworks, and how African governments are using technology and regulatory reforms to combat financial crime. Stay informed about the challenges and opportunities in tackling illicit financial flows across Africa!
Heading Heading
Key Insights and Takeaways
Africa’s Battle Against Illicit Financial Flows is Intensifying
This report uncovers how Africa is losing over $50 billion annually to illicit financial flows (IFFs), undermining development, stability, and national security. It highlights how new anti-money laundering (AML) and counter-terrorism financing (CFT) frameworks are being rolled out across the continent as countries seek to plug regulatory gaps and protect precious financial resources. The report is essential reading for anyone focused on financial integrity, governance, and development in Africa.
Shifting Regulatory Landscape in Beneficial Ownership and Virtual Assets
Readers will gain insight into the rapid evolution of regulations on beneficial ownership transparency and virtual assets. The report details how countries like Kenya, South Africa, and Nigeria are strengthening rules to reveal the real individuals behind corporate structures, and how regulators are racing to catch up with the booming use of cryptocurrencies. This section is crucial for compliance professionals, legal experts, and investors operating in Africa.
Corporate Compliance is No Longer Optional
The report makes a compelling case for why companies operating in Africa must embed robust AML/CFT compliance programs. With rising enforcement, global interconnectedness, and reputational risks at stake, businesses have a direct interest in contributing to a clean and transparent financial environment. This takeaway is vital for risk managers, GCs, and executives shaping compliance strategies in emerging markets.
Discover how Africa is fighting back against the $50 billion illicit financial flow and what it means for your business, compliance, and the continent’s future.
