Finance Minister Arun Jaitley will tomorrow inaugurate an international conference, which will discuss scope for regional cooperation to effectively deal with illicit financial flows, mainly from tax frauds and human trafficking. The three-day conference titled Networking the Networks would try to identify best practices of existing international organisations for cooperation on illicit financial flows.<br/><br/>With South Asia being vulnerable to illicit financial flows from drugs, human trafficking and tax fraud, informal money transfer systems are also popular and can be easily misused by the criminal networks for the transfer of crime proceeds, as well as for terrorism financing. Our correspondent reports, the conference would also deal with setting-up of regional coordination mechanism for intelligence sharing in criminal matters.