Session 5: Addressing De-Risking and Illicit Financial Flows to Unlock Sustainable Development Financing
Mar 26, 2025 | 3:30 PM - 5:00 PMMain Room
Mar 26, 2025 | 3:30 PM - 5:00 PM
Main Room
Description
De-risking, driven by high compliance costs, geopolitical uncertainty, and expanding sanctions, has led financial institutions to cut services in ‘high-risk’ areas, affecting vulnerable customers and aid delivery. This disrupts financing for sustainable development by hindering cross-border payments, remittances, and trade finance. It may also fuel ‘shadow economies,’ pushing transactions into informal channels and increasing illicit financial flow (IFF) risks.
This session will bring together experts from the private sector, regulatory bodies, and donors to explore solutions. Discussions will draw on findings from an upcoming 2025 OECD report, highlighting innovative technologies for safer, faster, and more inclusive cross-border finance. Panellists will examine how cooperation, public-private partnerships, and strong political commitments can help mitigate de-risking and mobilise finance for sustainable development.
