A/HRC/28/60 Contents Page I. Introduction ............................................................................................................. 1–3 3 II. Illicit financial flows and asset recovery ................................................................. 4–21 3 A. Definitions.................................................................... ................................... 4–7 3 B. Updated estimates............................................................................................ 8–21 4 Illicit financial flows and human rights ................................................................... 22–44 9 A. Impact on social, economic and cultural rights ............................................... 23–30 9 B. Impact on civil and political rights and on the rule of law.............................. 31–32 12 C. Responsibilities of business enterprises .......................................................... 33–35 13 D. Protection of whistle-blowers and reporting persons ...................................... 36–39 14 E. Due process in asset recovery and criminal matters ....................................... 40–41 15 F. Use of repatriated illicit funds ........................................................................ 42–45 16 IV. International initiatives to curb illicit financial flows ............................................ 46–60 17 V. Curbing illicit financial flows and the United Nations post-2015 development framework ............................................................................................................... 61–74 20 Conclusion .............................................................................................................. 75–77 23 III. VI. 2 Paragraphs