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International Anticorruption Day 2020 - Strengthening Governance Systems to Combat Illicit Financial Flows at a Time of COVID-19

Events

International Anticorruption Day 2020 - Strengthening Governance Systems to Combat Illicit Financial Flows at a Time of COVID-19

09 December 2020

A major constraint towards financing the Sustainable Development Goals (SDGs) pertains to leakages in member countries’ development budgets that are caused by illicit financial flows (IFFs). The COVID-19 pandemic presents additional challenges as developing countries struggle to balance health and economic priorities using limited resources.

For ADB’s 10th International Anticorruption Day celebration, the Office of Anticorruption and Integrity hosted a knowledge-sharing session on Strengthening Governance Systems to Combat Illicit Financial Flows at a Time of COVID-19. The two keynote speakers were Clare Rewcastle Brown, founder of The Sarawak Report, who shared her experience with the 1MDB investigation; and Lakshmi Kumar, policy director of Global Financial Integrity, who discussed the importance of a collective global and local response in fighting money laundering, terrorist financing, and other financial crimes.

Program and Learning Materials: 
Date Session / Activity Presentation Material Speaker(s)
09 Dec 2019 Presentation Exposing Dirty Money: My 1 MDB Story
Journalist Clare Rewcastle Brown discusses how the multibillion-dollar financial scandal of 1MDB unfolded, with its multiple red flags of financial transfers... 		Clare Rewcastle Brown
09 Dec 2019 Presentation Fighting Illicit Flows - A Collective Response
Money laundering in the region is costing governments and economies billions, which could have been used for the development and social sector gains for... 		Lakshmi Kumar

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