Global Financial Integrity

The China Client: Wildlife Trafficking in Mexico

Today, Mexico is among the three Latin American countries with the highest rates of wildlife trafficking. This problem is complex, especially considering one of their increasingly prolific partners is China.

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...

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.

Seeking Solutions to Trade Misinvoicing in Mexico and Colombia

by Pedro Izquierdo Addressing trade misinvoicing is a complex endeavor as it is considered one of the weakest links in the fight against money laundering, especially in developing countries like Mexico and Colombia. Trade misinvoicing is one...

Corruption, the Perception of Corruption, and Violence: Exploring the Linkages in Mexico

By Andrew Peters Corruption perception, not incidence, is the biggest predictor of violence. Security and corruption are the main concerns of the Mexican public. So what factors lead to violence and corruption? How are violence and corruption...

Rabobank: Similar Facts, Different Outcome–Signal of a New DOJ Approach?

Yesterday’s announcement of a guilty plea by Rabobank NA with corresponding penalty and forfeiture of $369 million did not immediately strike people as new or surprising.  In fact, the pattern of anti-money laundering/Bank Secrecy Act (AML/BSA) violations...

New Study: Illicit Financial Flows Hit US$1.1 Trillion in 2013

US$7.8 Trillion drains from Developing World from 2004-2013

Trade Fraud Responsible for Illicit Outflows of US$6.5 Trillion

China, Russia, Mexico, India, Malaysia are Biggest Exporters of Illicit Capital over Decade

Sub-Saharan Africa Still Suffers Largest Illicit Outflows as % of GDP

WASHINGTON, DC – Illicit financial flows from developing and emerging economies surged to  US$1.1 trillion in 2013, according to a study released Wednesday by Global Financial Integrity (GFI), a Washington, DC-based research and advisory organization. Authored by GFI Chief Economist Dev Kar and GFI Junior Economist Joseph Spanjers, the report pegs cumulative illicit outflows from developing economies at US$7.8 trillion between 2004 and 2013, the last year for which data are available.

Photographs from GFI Conference “Illicit Financial Flows: The Most Damaging Economic Problem Facing the Developing World”

Photos from “Illicit Financial Flows: The Most Damaging Economic Problem Facing the Developing World,” a 2-day conference in Washington, DC that was hosted by Global Financial Integrity and held at the National Press Club.