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VERSION:2.0
PRODID:unctad.org
BEGIN:VEVENT
UID:6a8ed82fb05e8
DTSTART:20220907T130000Z
SEQUENCE:0
TRANSP:OPAQUE
DTEND:20220907T154500Z
LOCATION:Palais des Nations\, Geneva\, Switzerland\, 
SUMMARY:Session on Illicit financial flows at the Illicit Trade Forum
CLASS:PUBLIC
DESCRIPTION:Following the inclusion of illicit trade as the only new area o
 f work in the outcome document of UNCTAD15\, the Bridgetown Covenant\, UNC
 TAD will host the second iteration of the Illicit Trade Forum on 6-7 Septe
 mber 2022. The event is organised in collaboration with the Transnational 
 Alliance to Combat Illicit Trade (TRACIT).\n\nThe event is structured as 
 four main sessions\, with interactive panel discussions addressing key iss
 ues: illicit trade in times of crisis\; mitigating illicit trade through m
 aritime transport\; trade in falsified medicines\; and illicit financial f
 lows related to trade\, tax\, and criminal activities. The meeting will en
 able the sharing of best practices\, case studies and policy approaches\, 
 and will involve a wide range of stakeholders\, including member States an
 d representatives from international governmental and nongovernmental orga
 nisations\, academia and the private sector.\n\nSession on Illicit financi
 al flows related to trade\, tax\, and criminal activities:\n\nFor the SDG 
 indicator framework\, illicit financial flows (IFFs) are defined as financ
 ial flows that are illicit in origin\, transfer or use\, that reflect an e
 xchange of value and that cross country borders. The definition comes from
  the Conceptual framework for the statistical measurement of illicit finan
 cial flows\, developed by UNCTAD and UNODC in consultation with a global T
 ask Force and approved in March 2022 by the UN Statistical Commission. IFF
 s cover a wide range of different activities\, including flows related to 
 drug markets\, terrorist financing\, trade misinvoicing\, aggressive tax a
 voidance etc. They drain resources and limit countries’ capacity to reco
 ver from the pandemic and achieve the 2030 Agenda. In June 2021\, UNCTAD p
 ublished Methodological guidelines to measure tax and commercial IFFs for 
 pilot testing\, following deliberations with the global Task Force. The me
 thods will be refined based on feedback from pilots which took place in 20
 22 in Africa and Asia\, and from 2023 any country can join the efforts of 
 a global UN Development Account project to measure and curb IFFs applying 
 methods and tools tested by pilot countries.\n\nThis session will invite r
 epresentatives from stakeholders involved in African pilot countries to sh
 are their experience on the measurement of IFFs related to trade. The sess
 ion mainly targets representatives from customs and revenue authorities\, 
 central banks\, financial intelligence units\, anti-corruption agencies\, 
 criminal justice bodies and national statistics offices.\n\nOpening remark
 s will be given by Ms. Anu Peltola (UNCTAD). This will be followed by brie
 f introductions to the measurement of IFFs by Mr. Gamal Ibrahim (ECA)\, Ms
 . Diana Camerini (UNODC) and Mr. Bojan Nastav (UNCTAD)\, covering also fut
 ure plans. Then\, panellists will present regional or countries’ experie
 nce in measuring IFFs by Ms. Kathy Nicolaou (ECA)\, Ms. Anastasia Maga (ES
 CAP)\, Mr. Joseph Tembo (Zambia) and Ms. Lauraine Habib (Egypt).\n/publica
 tion/methodological-guidelines-measure-tax-and-commercial-illicit-financia
 l-flows-methods-pilot\n\nView meeting on unctad.org\nhttps://unctad.org/me
 eting/session-illicit-financial-flows-illicit-trade-forum
DTSTAMP:20260826T121231Z
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