Training Room
The West Africa IFF Academy is a research and training institute
hosted by the Integrated Social Development Center (ISODEC). The IFF Academy
will begin rollout of courses and programmes to targeted stakeholders from the
second half of 2022. The Institute will undertake, promote and facilitate
relevant national-level research, with emphasis on the West African region, and
provides both onsite and online training on illicit financial flows to civil
society organisations and government agencies alike.
The Institutes work is inspired by the High-Level Panel on Illicit
Financial Flows adopted by the African Union Commission (AUC). Among other
recommendations, the report called for investment in research to study the
potential methodologies and reforms needed to facilitate taxation of
multinational corporations and reduce IFFs and to provide the necessary
capacity building to the relevant institutions at the forefront of combatting
IFFs. It also urged African governments to recognize the vital role of civil
society organizations and to give them the operational space and legal freedoms
required for advocacy, activism and research in the effort to curb IFFs.
The urgency that recommendations show is explained by the fact that
many West African countries are dependent on natural resource extraction and
agricultural commodities for exports. Their economies are by nature therefore
highly exposed to IFFs through trade. The policies these countries are also
heavily geared towards attracting foreign direct investments (FDI) and
portfolio capital through their stock markets, making their economies
vulnerable to IFFs through these channels. Meanwhile, banking regulation and
tracking of financial flows through the banking system is weak in many of the
countries heightening exposure to money laundering through the banking system.
Widespread public sector corruption or collusion with multinational companies
exacerbate these risks. However, although many governments may have a general
idea of these risks, knowledge of how these actually occur and how to mitigate
them is limited, as reflected by limited country-level information on IFFs.
Working with the existing institutional architecture at the center
for IFFs such as revenue authorities, anti-corruption bodies, Financial
Intelligence Units, anti-fraud organisations; regulatory institutions and civil
society organisations the Academy seeks to close these knowledge gaps. The
resouces of the Academy are also available to progressive private accounting,
tax organisations and the media among others who are considered the principal
audience, partners and beneficiaries of the Academy’s research and training
activities.
Targeted Beneficiaries
• CSOs within the
WEST African Sub-region
• Government
Agencies within the West African Subregion
• Citizens/People
of West Africa
For enquiries and more information about the Academy, contact us
through;
Email: [email protected]
Telephone: 030225 4918/21
ISODEC is grateful to Open Society West Africa (OSIWA) for
supporting the actualisation of the Academy.