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A new, comprehensive report published by the African Union’s high-level panel on illicit financial flows and the United Nations economic commission for Africa (Uneca) concludes that Africa loses more than $50 billion every year to illicit financial outflows (IFFs).  The report, entitled Illicit Financial Flows, represents the first African initiative of its kind, and is the product of a study that began in February 2012.  It analyzes various fraudulent practices of governments and multinational companies…