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Will EU Summit address illicit financial flows?

BRUSSELS: While the origin of illicit financial flows ranges from government embezzlement to human trafficking, and from corporate tax evasion to grand corruption, the destination seems less ambiguous.

A $35 million mansion in California, artwork totalling 18 million, and a $38 million dollar private jet. These sound like items purchased by the world’s wealthiest oligarchs, right? Well, they were actually acquired by Teodorin Obiang, son of President Teodoro Obiang of Equatorial Guinea.

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