Strategies and Mechanisms for Preventing Illicit Capital Flight: A Study of International Cases

Abstract

Illicit capital flight represents one of the most pressing challenges for developing and resource-dependent countries, leading to significant losses in state budgets, undermining institutional stability, and deepening socio-economic inequality.

This article examines contemporary strategies and mechanisms for preventing illicit capital outflows through a comparative international analysis. Based on case studies from India, South Korea, Nigeria, Brazil, and OECD countries, it explores institutional, legal, and technological measures aimed at combating capital flight.

The methodology includes content analysis of legal documents, comparative case analysis, and secondary data analysis from international organizations.

The results indicate that a comprehensive approach—based on transparency, tax information exchange, automation of financial oversight, and strengthened cross-border cooperation—demonstrates the highest effectiveness.