The African Union (AU) has announced that its Specialised Technical Committee (STC) on Finance, Monetary Affairs, Economic Planning and Integration is contemplating measures for the envisaged the African Continental Free Trade Area (AfCFTA) that would specifically address the issue of illicit financial flows (IFFs).

AfCFTA is a free trade area signed up to in 2018 by 54 of the 55 AU nations. So far 30 countries have both signed and ratified the AfCFTA Agreement. Of the 55 AU member states, only Eritrea has yet to sign.

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