Women’s Rights and Illicit Financial Flows

FEMNET

FEMNET Head of Communications Nebila Abdulmelik caught up with Samantha Spooner of the Mail & Guardian to share her thoughts on Illicit Financial Flows and the linkages with women’s rights work:
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1. How do gender issues fit into illicit financial flows?

​Illicit financial flows further social, gender, spatial inequities and inequalities. Many of the factors that exacerbate IFFs, such as overeliance on natural resource extraction​ and the work of many multi-national corporations further environmental degradation and often workers in such industries operate in low-paying, unsafe and insecure working conditions with rampant human rights violations – which disproportionately affect women. It is estimated that 40-50% of workers in the mining industry (particularly in small-scale and artisinal) are women who are not receiving living wages, don’t have a right to unionise, don’t have access to benefits or social protection mechanisms.

If conservative estimates say that Africa loses $50 billion annually through IFFs, that…

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