Michele Riccardi (1980) is working as senior researcher at Transcrime since 2006 and adjunct professor of Business Economics at the Università Cattolica del Sacro Cuore in Milan. He is a researcher in the field of economic and financial crime, money laundering, organised crime infiltration in the legal economy, criminal asset recovery, illegal markets and manipulation of corporate information.
He has been coordinating or cooperating in several projects funded at both European and national level, including project OCP – Organised Crime Portfolio (2012-2014), project ARIEL (2013-2015), project BOWNET (2010-2012), project EBOCS (2014-2015) and project FAKES (2009-2011).
He is member of the Asset Recovery Offices (ARO) Platform of the EU Commission, DG Home Affairs and has been member of the EU CEPOL - European Police College - money laundering common curriculum working group. He is one of the experts consulted in 2015 by the International Monetary Fund for the evaluation of the Italian anti-money laundering system. He got a Master of Science in Accounting & Financial Economics at the University of Essex (2008) and a Degree in International Relations at Università Cattolica of Milan (2006). He has worked in Italy, Latin America and UK.
Illicit Financial Flows and Developing countries
The course aims at providing the student with fundamentals about the concept of illicit financial flows (IFF) and their impact on the economy and society of developing countries. It gives basics about the most frequent schemes of cross-border transfer of illicit proceeds stemming from corruption, criminal activities (e.g. smuggling of humans, drug trafficking) and money laundering. It provides guidelines on how to define and measure these phenomena and assess their risk; it suggests the student the most important issues in the current international debate on IFF: e.g. the role of tax haven and of ‘risky’ jurisdictions, the effect of profit shifting, the income redistribution effect generated by criminal activities and the impact of anti-money laundering and anti-corruption policies on the economy and society of developing countries.