UNSC2023 Side Event: Measuring Illicit Financial Flows: Global experiences

The side event, co-organized by ESCAP UNODC  UNCTAD and ECA will showcase success stories in the measurement of IFFs and share key lessons that are critical to regularizing the production of data on SDG 16.4.1. The successes and lessons will be presented by country experts. On 16 November 2022, a resolution by the 2nd Committee of the General Assembly on illicit financial flows recognized the significant progress and availability of concepts and tested methods to measure illicit financial flows and encouraged “all Member States to report on Sustainable Development Goal indicator 16.4.1, using the methodology adopted by the Statistical Commission, and called upon the United Nations system entities, international organizations and donors to work in coordination with the custodian agencies to train national statistical offices and other entities in charge of reporting on illicit financial flows on these agreed methods”.