Illicit Financial Flows Project in South Africa

African Monitor’s work on illicit financial flows is couched within the post 2015 MDG process, as a way of retaining and recovering domestic resources for Africa’s development. While our work has been primarily focussed on South Africa, the findings have also been shared at continental and international platform as well within the post 2015 MDG framework.

Project goal: The goal of the project is to reduce illicit financial flows in South Africa.

Project objectives: At the end of the grant period, the following objectiveswould have had been achieved;

  1. Enhanced understanding of illicit financial flows among civil society and policy makers in South Africa.
  2. Increased demand for reduction of illicit financial flows by civil society.
  3. Consolidated information and messages on illicit financial flows informs policies and systems for improved control of illicit financial flows in South Africa.

Therefore, the main activities to achieve the above are;

  1. Consolidating existing information and Research on Illicit Financial Flows

    This broad activity includes the following sub-activities;
    • Scope, gather, consolidate and disaggregate (where possible) existing studies and information on illicit financial flows in South Africa.
    • Simplify and publish in popular form information and research from key organizations such as Global Financial Integrity, UNECA, AfDB
    • Launch a web-page containing data updates on illicit financial flows in South Africa.

  2. Strengthening the existing coalition of CSO’s in South Africa working on financial accountability and transparency by introducing data, knowledge and advocacy on illicit financial flows

    This broad activity includes the following sub-activities;
    • Develop an information kit to improve CSOs’ understanding and messaging on illicit financial flows
    • Review emerging data, develop collective messaging, and joint strategy for fighting illicit flows
    • Continuously share new information with relevant stakeholders

  3. Advocating and communicating for Policy Change

    This broad activity includes the following sub-activities;
    • Generate key messages and develop targeted and specific proposals for policy and systems’ reform on illicit financial flows to resonate with the South African policy makers and citizens.
    • Facilitate engagements between African Monitor’s high level advocates (the Togona) and key high level policy makers and business leaders on reducing illicit financial flows.
    • Develop and implement a focussed campaign to raise awareness on illicit financial flows in South Africa, especially through the use of dialogue and media.