The potential of UNCAC to combat illicit financial flows

Both developed and developing countries need to implement policies to fight corruption and illicit financial outflows, putting special emphasis on addressing mechanisms that allow banks and financial centres to facilitate the absorption of these flows. UNCAC has the potential to address these various dimensions through its extensive preventive measures, designed to prevent corruption from occurring in the first place, and illicit flows from being generated and through its anti-money laundering measures.

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