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Parliamentary questions
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8 June 2020
Question for written answer E-003408/2020
to the Commission
Rule 138
Tudor Ciuhodaru (S&D)
 Answer in writing 
 Subject: Illicit financial flows

The UN’s 2030 Agenda for Sustainable Development and Sustainable Development Goals have associated targets to reduce illicit financial flows (IFFs).

In the study entitled Illicit Financial Flows and Corruption in Asia published by the Royal United Services Institute in November 2017, scepticism was expressed about the level of expertise among international organisations, in particular the perception that Central Asia is not a priority area for donors. The contribution of experts on the prevention of corruption and money laundering is, however, crucial to prevent IFF cases such as the BTA Bank fraud, one of the biggest fraud cases in Europe. The bank came near to collapse in 2009 after USD 6 billion was allegedly siphoned off by its former chairman, as reported by the Times in November 2019.

Enhancing international cooperation on the recovery and return of illicit funds is among the UN’s priorities for the 2019-2021 period. International cooperation is vital if the assets of BTA Bank are to be recovered.

1. Does the Commission intend to focus on IFFs from Central Asia and enhance international cooperation on these cases?

2. Is there any mechanism for reducing IFFs and making it easier to recover money stolen through IFFs and discovered in Europe?

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