Sherpa fights Illicit Financial Flows (IFFs): corruption, money laundering and tax evasion. We work notably on ill-gotten gains cases, financial intermediaries liability, the fight against tax havens and transparency in extractive industries.
Whether it is money from corruption or tax evasion by multinationals, IFFs are a major development issue for emerging countries, loosing more than fifty billion dollars each year. These IFFs deprive developing countries from resources that could be used to finance much-needed public services, ranging from security and justice to basic social services such as health and education. While illicit financial flows exist in all countries – and produce victims everywhere – their social and economic impact on developing countries is even more serious, worsening the debt burden of states