gh capital flight and other forms of illicit financial flows, most of which are motivated by tax evasion (AfDB and GFI, 2013; Henry, 2012; Kar and Cartwright-Smith, 2010; Ndikumana and Boyce, 2011a; Reuter, 2012; UNDP, 2011). As can be seen in Table 3, developing countries are facing severe financial haemorrh