Partnership on Illicit Finance
The Partnership on Illicit Finance (PIF), announced by the United States and Senegal at the 2014 U.S.-Africa Leaders Summit, is an initiative that brings African partners and the United States together to jointly address the generation and movement of proceeds from corruption and other financial crimes. As of October 2016, PIF member countries include Burkina Faso, Côte d’Ivoire, Kenya, Liberia, Mauritius, Niger, Senegal, Sierra Leone, and the United States.
Through the PIF, partner countries have committed to develop, publish, and implement national action plans to stem illicit finance through measures to combat corruption, improve transparency, and increase accountability. This approach is consistent with the principles outlined in the Addis Ababa Action Agenda and 2030 Agenda for Sustainable Development, which focus on the need to build developing countries’ capacity to mobilize domestic resources and attract private sector financing flows and assistance. It is also consistent with standards and commitments articulated by the G-7, G-20, Financial Action Task Force, and other relevant groups. Through periodic meetings, the United States and African PIF members discuss challenges in stemming corruption-related illicit finance in Africa and explore opportunities for collaboration.
In May 2016, the United States and Senegal publicly released their national action plans during a launch event at the African Development Bank annual meetings in Lusaka, Zambia. We are working with our PIF partners to encourage the other PIF partners to publish their national action plans as soon as possible.
The U.S. PIF national action plan includes commitments by a broad range of U.S. government agencies. U.S. delegations to PIF meetings are jointly led by the Departments of State and Treasury.
U.S. National Action Plan