Krishen Mehta, co-chair of Global Financial Integrity, wrote an Op-Ed in the Dallas Morning News this week.
The Financial Action Task Force, the global standard-setter in the fight against money laundering and terrorist financing, has revised the Recommendations after more than two years of efforts by member countries. The Recommendations are used by more than 180 governments to combat these crimes. The revisions, made with inputs from governments, the private sector, and civil society, provide authorities with a stronger framework toact against criminals and address new threats to the international financial system.
The cost of money laundering and underlying serious crime is very large, estimated between 2 and 5% of global GDP. The revision will enable national authorities to take more effective action against money laundering and terrorist financing at all levels – from the identification of bank customers opening an account through to investigation, prosecution and forfeiture of assets. At the global level, the FATF will also monitor and take action to promote implementation of the standards.
The new CNBC Documentary “Filthy Rich” will air on Thursday, February 23rd at 9 pm.
Standing at the pump, watching the numbers tick away, do you ever wonder where the money goes? You’re not alone: People on the other end of the pipeline are wondering too. While we feel the pinch in our pockets, citizens of oil-producing countries are often not seeing the profits.
Standing at the pump, watching the numbers tick away, do you ever wonder where the money goes? You’re not alone: People on the other end of the pipeline are wondering too. While we feel the pinch in our pockets, citizens of oil-producing countries are often not seeing the profits.
Monday’s top news stories from Global Financial Integrity.
A response to Ben Heinman’s article on corruption in The Atlantic.
Friday’s top news stories from Global Financial Integrity
Thursday’s top news stories from Global Financial Integrity
Jack Blum, chairman of the Task Force’s Tax Justice Network-USA, recently sat down with Amy Goodman of Democracy Now! to talk about an array of tax justice issues. Mr. Blum has decades of experience on tax issues, both on the legal side as an attorney and the legislative side as an investigator for the Senate Committee on Foreign Relations Subcommittee on Narcotics, Terrorism, and International Operations. He mentions a new documentary he was involved with, We’re Not Broke, which premiered at the Sundance Film Festival in January.
Today, Global Financial Integrity launched it’s new report, Mexcio: Illicit Financial Flows, Macroeconomic Imbalances, and the Underground Economy in Washington D.C. and Mexico City. An excerpt from the press release: MEXICO CITY / WASHINGTON, DC – Crime, corruption and tax evasion cost the Mexican economy US$872 billion between 1970 and 2010 according to a new report [...]
In Brazil, there is an agency known as “the Lion,” whose agents fly around the ...
May 23, 2012
The G8 have just released an ambitious and comprehensive asset recovery action plan as part ...
May 23, 2012
Wednesday's daily news updates from Global Financial Integrity
May 23, 2012
Officials in Switzerland have opened criminal proceedings against Libyan and Syrian citizens suspected of holding ...
May 22, 2012
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