The High-level Panel on Illicit Financial Flows from Africa was established in February 2012 following the endorsement of Resolution 896(XLIV) during a momentous gathering that brought together finance ministers from various nations across the continent along with representatives of the African Union. Under the distinguished leadership of former South African President Thabo Mbeki, this renowned Panel features a rich tapestry of experts from both African nations and global regions, all sharing a resolute dedication to confronting the urgent problem of illicit financial flows. Their collaborative efforts not only strive to investigate the detrimental effects of these financial transfers on the economic development of the continent but also seek to devise actionable strategies that can effectively address this pervasive issue, thereby fostering sustainable growth and enhancing prosperity for African countries.
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