Illicit financial flows () represent a direct threat to sustainable and inclusive development by draining domestic resources that could be used for social spending and productive investment. Curbing these flows is a key target of Goal 16, which, if successful, would have a profound impact on all of the other . UNCTAD and , as co-custodians of indicator 16.4.1, are working together to develop an agreed statistical framework for the measurement of illicit financial flows. UNODC bring their expertise on the measuring of IFFs related to criminal activities, and UNCTAD lead the development of measurement approaches for IFFs stemming from tax and trade practices.
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