Illicit financial flows emptying Zim of its wealth

Like many other nations Zimbabwe suffers from illicit financial flows, a term that means cross-border transfer or movement of money or capital associated with illegal activity but is sometimes extended to cover illegal domestic movement of money or capital. Three broad and often overlapping categories of illicit financial flows are generally recognised:

˜Transfers or movements that are themselves illegal, eg where cash is smuggled across borders or where income is illegally hidden from the tax authorities and sent abroad (tax evasion);

˜Transfers or movements of funds that are the proceeds of illegal acts, eg trafficking in drugs or people; and

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