// SOLIDARITY THROUGH SECURITY
Illicit finance drains billions from the Global South each year, undermining stability, growth and human security. The G20 Johannesburg Summit must close the enforcement and technology gaps that allow criminals to thrive Bridging the illicit finance gap in the Global South
T he G20’s Johannesburg Summit can help bridge the illicit finance gap between the Global South and the Global North to build sustainable resilience. Geopolitical instability, resource-strapped authorities and inconsistent enforcement in many Global South countries create a rich playground for criminals to exploit cash-driven societies and the acceleration of digital finance. With weak anti-money laundering frameworks or limited implementation, most countries on the grey list maintained by the Financial Action Task Force – which sets the global standards for anti-money laundering and counter terrorist financing – are in the Global South. The effects of profit-generating crimes and corruption are devastating, impeding social progress, fomenting poverty, and driving human harm and atrocities. Denisse Rudich, director, G20 and G7 Research Groups (London) and CEO of Rudich Advisory
138 // G20 SOUTH AFRICA: THE JOHANNESBURG SUMMIT 2025
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