2030 Vision: Uniting Europe in the Fight Against Illicit Financial Flows Collaboration Lab

Tuesday, 25 March | 13:00 - 16:30 CET | Paris

Corruption hampers business growth, escalates costs, and poses serious legal and reputational risks for companies. It also raises transaction costs, undermines fair competition, impedes long-term foreign and domestic investment, and distorts development priorities.

To build a sustainable, global ethical economy, illicit financial flows – the movement of money across borders that is illegal in its source, its transfer, or its use – must be addressed. These opaque, and often destabilising transfers of funds stand behind some of the worst instances of corruption, human rights abuses, and criminality.

2030 Vision: Uniting Europe in the Fight Against Illicit Financial Flows will provide a platform for policy dialogue, bringing together UN Global Compact Private Sector Participants with actors across civil society, government, and academia to embed business integrity principles across company operations, advocate and advance policy recommendations, and foster international standards that set the ground for better economic, political, and social conditions both nationally and regionally across Europe.

On the sidelines of the OECD’s Global Anti-Corruption and Integrity Forum, UN Global Compact Participants across Europe will come together to identify continental risks and opportunities and begin to identify priorities for collective activities to eradicate illicit financial flows.

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Agenda

13:30 - 13:45
Participant Arrival
13:45 - 13:50
Welcome
13:50 - 14:20
Introduction to Collective Action
14:20 - 14:30
Introduction to European Collective Action Initiative
14:30 - 15:30
Risks and Opportunities Exercise

In small groups, participants will come together to discuss anti-corruption challenges and opportunities via a risk assessment to provide a clear picture of the illicit financial flows landscape across Europe, what processes pose risks to business integrity, and how national agendas are aligning themselves with SDG 16 and how collective action across the continent can advance integrity.
15:30 - 15:45
Break
15:45 - 16:00
Specialist Presentation
16:00 - 16:45
Prioritisation Exercise
Using the common themes identified in the risk and opportunities exercise, participants will work collaboratively to prioritise the areas they believe should be addressed within the European Collective Action Initiative, and begin to explore potential future activities.
16:45 - 17:00
Summary of Activities, Next Steps & Closing