More money flows illegally out of developing and emerging countries each year—facilitated by secrecy in the global financial system—than is received in foreign direct investment and foreign aid combined. Beyond bleeding the world’s poorest economies dry, this propels crime, corruption and tax evasion globally. Learn more about us.
March 1, 2021
In the spring of 2020 David Lewis, the Executive Secretary of the Financial Action Task Force, was asked to grade the effectiveness of the global anti-money laundering fight. “Everyone,” he said, “is doing it badly.” This withering...