Bern Conference on commodity and gold trading: How can illicit financial flows be curbed?

Bern Conference on commodity and gold trading: How can illicit financial flows be curbed?

Check out this important research

Curbing Illicit Financial Flows from Resource-Rich Developing Countries

29 October 2021 / At the invitation of several research institutes, a conference on illicit financial flows in commodity trading was held today at the University of Bern. The results of two research projects were discussed with representatives from science, policy, industry and civil society, and courses of action were identified.

Developing countries are often rich in natural resources, yet poor in terms of urgently needed domestic financial resources to finance sustainable development. One reason for this are commodity trade-related illicit financial flows (IFFs). A multidisciplinary team of researchers has investigated the extent of the problem; push and pull factors related to legal gaps in host and home countries of commodity-firms; and the reasons for lack of action. On Friday, the researchers discussed their findings and their recommended responses with representatives from science, policy, industry and civil society – both broadly, with respect to commodity trading, and more specifically, with…

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