Illicit Finance vs. Corruption: A Complete Comparison | Estateplanning

Illicit finance refers to the illegal movement of money across borders, often stemming from corruption, criminal activities, or tax evasion. Corruption, on the other hand, is the abuse of entrusted power for private gain, which can be a source of illicit finance but is not exclusively defined by it. While closely related and often symbiotic, they are distinct concepts.