Global Financial Integrity

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Informe Revela Que La Corrupción Es El Delito Financiero Más Prevalente En América Latina Y El Caribe, A Pesar De Los Grandes Esfuerzos Para Controlarla

WASHINGTON D.C. – Global Financial Integrity (GFI) presenta un importante análisis, resultado de entrevistas y encuestas con más de 250 expertos en crímenes financieros de América Latina y el Caribe. La investigación revela que los países de...

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In-Depth Analysis Finds Corruption Most Prevalent Financial Crime in Latin America and the Caribbean Despite Efforts to Address It

Global Financial Integrity is pleased to present a comprehensive survey of 250 financial crime experts in Latin America and the Caribbean. The survey shows that countries in the region need to address significant weaknesses in their effort to combat money laundering if corruption, which generates massive illegal proceeds, is to be curtailed.

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Messi and the International Impunity System

Lionel Messi’s Tax Troubles Should Increase Pressure on Politicians to Curb the Abuse of Anonymous Companies

The ongoing prosecution of football super star Lionel Messi for alleged tax evasion made global headlines last week. Messi and his father Jorge are accused of evading 4.2 million euros (US$5.6m) in tax on sponsorship earnings in court documents submitted by the prosecutor.

The alleged tax evasion scheme was based on using a web of anonymous shell companies registered in tax havens such as Belize and Uruguay, as highlighted by our colleagues at Global Witness. These shell companies were linked to other anonymous companies in what the prosecutor calls “convenience jurisdictions” such as the UK and Switzerland.

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Ralph Lauren Allegedly Utilizes Trade Misinvoicing to Bribe Argentinean Customs Officials

Fraudulent Trade Misinvoicing Drained US$9.54 Billion in Illicit Money from Argentina from 2001-2010

Trade-Based Money Laundering Technique Siphoned US$4.69 Trillion from Poor Countries between 2001-2010; Facilitates Sex Slavery, Terrorism, Tax Evasion

WASHINGTON, DC – As the U.S. Department of Justice announced today that Ralph Lauren Corporation (Ralph Lauren) utilized fraudulent misinvoicing tactics to funnel bribes to Argentinean customs officials over the course of five years, Global Financial Integrity (GFI) noted that trade misinvoicing drained US$9.54 billion from the Argentinean economy between 2001 and 2010.  The deliberate misinvoicing of trade documents is used to launder all types of illicit money, and it costs the developing world roughly US$4.69 trillion in illicit financial outflows from 2001 through 2010, according research by GFI, a Washington, DC-based research and advocacy organization.

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