Abstract

Illicit Financial Flows (IFFs) and trade mispricing continue to pose a menace both to developed and developing countries. Their ever-increasing effect coupled with ineffective regulatory and control measures form the theme of this research. This research aims to explore the role of legislature, judiciary and tax administration in curbing IFFs and trade mispricing in Zimbabwe. The study used a qualitative-descriptive research design. The study will assist the government to strengthen the roles of the legislature, judiciary and tax administration in fighting IFFs. Furthermore, it will bring out the need for partnerships among the government, business community and civil society in curbing IFFs. Zimbabwe has a strong legislature, judiciary and a standalone tax administration. However, major hindrances to their capacities to fight IFFs and trade mispricing stem from lack of independence, corruption, limited knowledge, lack of collaboration, information sharing and inadequate resources. The study recommends government to effectively use existing legislation, adequately resource and support independence of the legislature, judiciary and tax administration to foster impartiality in cases under dispute. These key institutions should shun corruption, embrace collaboration and information sharing among themselves. Finally, political will is key to fighting IFFs.