A lack of transparency facilitates all types of illicit financial flows (IFFs) in Africa, including money laundering and terrorism financing, corruption as well as tax evasion according to a new report published by the Global Forum on Transparency and Exchange of Information for Tax Purposes.

Tax Transparency in Africa 2022 examines the progress and plans made by African countries to achieve the standard on exchange of information on request (EOIR) and the standard on automatic exchange of financial account information (AEOI) set by the Global Forum.

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