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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Investors Should Hold BNP Paribas Accountable—Someone Has To

Late last month, the U.S. government proudly announced a deal to resolve charges against BNP Paribas, France’s largest bank, for its prodigious violations of U.S. financial sanctions against Sudan, Iran, Cuba, and Burma. The bank agreed to pay a massive $8.9 billion fine and temporarily give up its ability to handle certain transactions in U.S. dollars. Although the case is yet another wholly lacking in individual prosecutions, many hailed (and some bemoaned) the punishment as unprecedentedly heavy—a strong statement of American intent to hold banks accountable for wrongdoing and a fair price to pay for a bank that would surely suffer grave damage to its reputation as well. But mere weeks later, it seems that the severity and persistence of BNP’s misconduct is all but forgotten, while the bank’s customers and investors have already returned to business as usual.

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