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Former South African President Visits US to Stop "Illicit Financial Flows"


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Former South African President Visits US to Stop "Illicit Financial Flows"

Jubilee USA

WASHINGTON - Former South African President Thabo Mbeki visits the United States February 16-19 to raise awareness on how the developing world loses money to corruption. Mbeki will focus specifically on the flow of illicit money out of Africa through crime, corruption and tax evasion. The developing world loses approximately $1 trillion annually through these "illicit financial flows," with Sub-Saharan Africa losing the most of any region relative to the size of its economy.

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