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dc.contributor.authorHeggstad, Kari
dc.contributor.authorFjeldstad, Odd-Helge
dc.date.accessioned2018-01-17T15:00:44Z
dc.date.available2018-01-17T15:00:44Z
dc.date.issued2017-11-01
dc.identifieroai:www.cmi.no:6412
dc.identifier.citationin Odd-Helge Fjeldstad, Sigrid Klæboe Jacobsen, Peter Ringstad and Honest Prosper Ngowi : Lifting the veil of secrecy: Perspectives on international taxation and capital flight from Africa. Bergen: Chr. Michelsen Institute pp. 90-92
dc.identifier.isbn978-82-8062-669-1
dc.identifier.urihttp://hdl.handle.net/11250/2478031
dc.description.abstractAfrica is a source of large-scale capital flight. The purpose of this paper is to shed light on how banks facilitate capital flight from Africa. There is growing evidence that subsidiaries of the world’s major banks have been heavily involved in facilitating capital flight and money laundering. Banks and financial institutions therefore are an important piece of the puzzle to better understand the drivers of capital flight from Africa. Banks are also an important component in the development of more effective measures to curb the problem. The article argues that to improve the regulation of the banking and finance sectors, there is a need for more detailed knowledge on how banks actually operate as facilitators and the mechanisms applied.
dc.language.isoeng
dc.publisherChr. Michelsen Institute
dc.relationLifting the veil of secrecy: Perspectives on international taxation and capital flight from Africa
dc.relation.ispartofLifting the veil of secrecy: Perspectives on international taxation and capital flight from Africa
dc.relation.ispartofseriesLifting the veil of secrecy: Perspectives on international taxation and capital flight from Africa
dc.relation.urihttps://www.cmi.no/publications/6412-with-a-little-help-from-the-banks
dc.subjectCapital Flight
dc.subjectMoney Laundering
dc.subjectTax Havens
dc.subjectBank Sector
dc.subjectAfrica
dc.titleWith a little help from the banks
dc.typeChapter


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