#ShadowEconomies

Shadow Economies This working paper examines illicit financial flows (IFFs) in the Western Balkans and Black Sea regions, shedding light on their scale, drivers, and consequences. Covering ten countries – Albania, Mon...

💸 Illicit financial flows remain a major threat. CSD’s latest study shows how they shape vulnerabilities across 10 countries.

#ShadowEconomies reveals links to:

• Sanctions evasion
• Strategic corruption
• Conflict financing
• Economic instability

Read the full report 👇

csd.eu/publications...