To Support Africa in Combating Illicit Financial Flows and Transnational Organized Crime

Transformational potential:

Tackle the impact of IFFs and TOC in fragile and conflict areas to:

• Curb the destabilizing impact of TOC;
• Prevent conflict, support stabilization, and improve prospects for peacebuilding;
• Increase DRM and public investment;
• Socio-economic and human development;
• Building institutional capacities;
• Enhance the role of CSOs/NGOs;
• Improve the investment climate.

The Team Europe Proposal:

Main objective: to support Africa in combating Illicit Financial Flows (IFFs) and Transnational Organized Crime (TOC).

The activities include:

1. COMPONENT 1: Preventing and mitigating the expansion of IFFs and related TOC:

• Strengthening legislative and regulatory frameworks;
• Building capacities to manage these frameworks;
• Improving transparency and accountability.

2. COMPONENT 2: Enhancing TOC & IFF related Law Enforcement, prosecutorial and judicial capacities, and capabilities:

• Monitoring, tracking, tracing, and detecting transactions (tax, customs, cross border flows);
• Investigations, prosecution, seizure, and recovery/ facilitating repatriation of TOC and IFFs;
• Capacity Building.

3. COMPONENT 3: Enhancing coordination and cooperation at different levels:

• Awareness raising;
• Cooperation and information-sharing (intelligence sharing) on IFFs and TOC.