“If you can do it without consequences, then you should do it”.What are illicit Financial Flows, or IFFs? And why do they matter? Every illicit market, from drug trafficking, people smuggling, the illegal wildlife trade, arms trafficking etc. all are connected to IFFs. IFFs are about the movement of money across borders that is illegal in some way.The money could be from a criminal act, like corruption or its money associated with the illicit markets above. Perhaps, it could be legitimately earned money that is transferred in a way that evades taxation, like being paid in cash and not declaring it or money is funnelled into complex corporate schemes and secrecy jurisdictions. Or perhaps its ultimate use is something like terrorist financing or funding organised criminal activity.Dirty money is a global problem, according to the IMF, it makes up between 2-5% (up to $5.25 trillion dollars) of global GDP. Given the scale of the problem, in this episode we will focus in on the Western Balkans in South-Eastern Europe through three IFFs - money laundering investigations in Kosovo, corruption and the role of the private sector in Albania, and tax evasion in Bosnia & Herzegovina.Speaker(s):<a href="https://globalinitiative.net/profile/dardan-kocani/" rel="noopener noreferrer" target="_blank">Dardan Kocani</a>, Field Coordinator for Kosovo for the South Eastern Europe Observatory at the Global Initiative against Transnational Organized Crime<a href="https://www.linkedin.com/in/sokoltoska?originalSubdomain=al" rel="noopener noreferrer" target="_blank">Sokol Toska</a>, Legal Auditor in Albania and expert in money laundering and illicit financial flows.<a href="https://globalinitiative.net/profile/anesa-agovic/" rel="noopener noreferrer" target="_blank">Anesa Agovich</a>, Field Coordinator for Bosnia and Herzegovina at the Global Initiative Against Transnational Organized CrimeLinks:<a href="https://globalinitiative.net/analysis/iffs-western-balkans-2/" rel="noopener noreferrer" target="_blank">Illicit financial flows in Bosnia and Herzegovina, Montenegro and Serbia: Key drivers and current trends</a><a href="https://globalinitiative.net/analysis/iffs-western-balkans/" rel="noopener noreferrer" target="_blank">Illicit Financial Flows in Albania, Kosovo and North Macedonia: Key drivers and current trends</a><a href="https://globalinitiative.net/" rel="noopener noreferrer" target="_blank">Global Initiative Against Transnational Organized Crime</a><a href="https://ocindex.net/" rel="noopener noreferrer" target="_blank">Global Organized Crime Index</a>Research Links:&nbsp;https://www.europol.europa.eu/cms/sites/default/files/documents/europol-review-2016.pdf https://www.visualcapitalist.com/visualizing-the-105-trillion-world-economy-in-one-chart/https://www.ibe.org.uk/resource/tax-avoidance-as-an-ethical-issue-for-business.htmlhttps://www.transparency.org/en/corruptionary/tax-evasion https://albaniandailynews.com/news/wanted-for-incinerators-affair-stela-gugallja-detained-in-austria https://top-channel.tv/english/former-minister-is-sentenced-to-5-8-years-in-prison-for-corruption-with-the-incinerators-his-second-is-found-innocent/https://telegraf.al/i-pakategorizuar/boset-e-inceneratoreve-denohen-per-here-te-dyte-ne-arrati-policia-dhe-spak-nuk-arrijne-dot-te-zoto-mertiri-e-gugallja/https://www.eu-ocs.com/albania-seizes-waste-disposal-facility-amid-fraud-allegations/https://balkaninsight.com/2022/01/06/short-circuit-the-stunning-simplicity-of-top-level-corruption-in-albania/https://balkaninsight.com/2023/07/10/albania-prosecutors-seek-former-deputy-pm-arben-ahmetajs-arrest/https://balkaninsight.com/2020/09/28/the-incinerator-how-a-politically-connected-albanian-built-an-empire-on-waste/https://balkaninsight.com/2023/09/25/albania-former-minister-sentenced-for-corruption/https://balkaninsight.com/2023/08/01/albania-seizes-tirana-waste-disposal-company-over-alleged-fraud/https://www.cna.al/english/aktualitet/mirel-mertiri-bosi-real-i-inceneratorit-elbasan-mesazhet-e-plota-qe-b-i362014https://albaniandailynews.com/news/spak-asks-meta-to-find-out-location-of-former-minister-ahmetajhttps://www.voxnews.al/english/investigim/dosja-buka-arben-ahmetaj-doli-mbi-vendimin-e-formes-se-prere-te-gjyka-i50069http://www.panorama.com.al/privatizimi-i-fabrikes-spak-kemi-prova-demi-1-5-milione-euro-ahmetaj-nxjerr-dokumentet-e-bejne-per-presion-duan-te-me-mbyllin-gojen/https://www.euractiv.com/section/politics/short_news/albanian-government-to-continue-concession-with-companies-implicated-in-financial-crime/https://www.transparency.org/en/projects/cases-project/data/public-private-partnership-for-waste-incineratorshttps://assets.publishing.service.gov.uk/media/5a7f6aa0ed915d74e33f64bf/20160607_Handbook_for_the_Concession_Contracts_Regulations_2016_final.pdfhttps://www.transparency.org/en/projects/cases-project/data/public-private-partnership-for-waste-incineratorshttps://single-market-economy.ec.europa.eu/single-market/public-procurement/legal-rules-and-implementation/concession-contracts_enhttps://egmontgroup.org/wp-content/uploads/2022/01/2021-Financial.Analysis.Cases_.2014-2020-3.pdfhttps://egmontgroup.org/https://www.coe.int/en/web/corruption/-/financial-intelligence-unit-of-kosovo-attends-the-24th-egmont-group-plenary-meetinghttps://egmontgroup.org/wp-content/uploads/2022/01/2021-Financial.Analysis.Cases_.2014-2020-3.pdfhttps://www.bbc.co.uk/programmes/p07nkd84/episodes/downloadshttps://www.fbi.gov/wanted/topten/ruja-ignatova/@@download.pdfhttps://www.bbc.co.uk/news/stories-50435014https://www.transparency.org/en/cpi/2022https://www.businessinsider.com/fbi-russian-oligarch-roman-abramovich-shell-companies-luxury-jets-2022-6?r=US&IR=Thttps://www.icij.org/investigations/pandora-papers/oligarchs-jets-yachts-luxury/https://www.theartnewspaper.com/2022/02/02/pandora-papers-reveal-1600-works-of-art-in-tax-havenshttps://www.bbc.com/news/world-africa-51299018https://www.redflagalert.com/articles/risk/a-guide-to-shell-companieshttps://www.icij.org/investigations/fincen-files/https://www.icij.org/investigations/paradise-papers/https://www.icij.org/investigations/panama-papers/https://complyadvantage.com/insights/structuring-vs-smurfing/https://www.acamstoday.org/from-smurfs-to-mules-21st-century-money-laundering/https://www.investopedia.com/terms/s/smurf.asphttps://www.nationalcrimeagency.gov.uk/news/money-laundering-cash-couriers-smuggled-100-million-in-suitcaseshttps://books.google.co.uk/books/about/Money_Laundering_and_Illicit_Financial_F.html?id=gkiCzQEACAAJ&redir_esc=yhttps://oxfordre.com/criminology/display/10.1093/acrefore/9780190264079.001.0001/acrefore-9780190264079-e-708;jsessionid=ADF024BF24F76DA5720F4017B035E029https://financialcrimeacademy.org/the-history-of-money-laundering-2/

Podurama

Home

Trending

Personal

Your Podcasts

New Episodes

My Files

Favourite Episodes

Tags (Folders)

Recently Played

Bookmarks

Followed Playlists

Illicit Financial Flows in the Western Balkans

Deep Dive: Exploring Organized Crime

AI Chapters

AI Insights

Reviews