Global Financial Integrity

 

Blog

Plundering the future: Why the IMF must quantify grand corruption

Photo by Daniel Barnes on Unsplash

By Tom Cardamone and Maureen Heydt As the International Monetary Fund and the World Bank Group kick off the 2019 Annual Meetings this week, government officials, central bankers, academics, civil society and journalists will descend on Washington...

Read More SHARE

Seventh Annual Amartya Sen Essay Contest 2020

In August 2020, Global Financial Integrity and Academics Stand Against Poverty will be awarding the seventh annual Amartya Sen Prize to the two best original essays that examine one particular component of illicit financial flows, the resulting...

Read More SHARE

Free trade zones: a Pandora’s box for illicit money

Governments around the world are increasingly turning to free trade zones (FTZs) as a means of promoting economic growth and investment: Ghana recently signed an agreement with Iran to bolster cooperation between their free zones, while the...

Read More SHARE

Ukrainian real estate play in Cleveland highlights need to know the beneficial owner

Editor’s note: this piece was originally published in the Cleveland Plain Dealer on August 28, 2019. Earlier this year, an important legal complaint filed in the state of Delaware alleged that two Ukrainian oligarchs laundered hundreds of millions of...

Read More SHARE

South Africa, Revisited: Trade Misinvoicing and Lost Revenue in 2016

by Ben Iorio  In November 2018, Global Financial Integrity published an analysis of South Africa’s potential revenue losses associated with trade misinvoicing, finding losses of approximately US$37 billion in revenue, or on average $7.4 billion between 2010-2014....

Read More SHARE

Out of Africa: Capital Flight

by Ben Iorio “The traditional thinking has always been that the West is pouring money into Africa through foreign aid and other private-sector flows, without receiving much in return. Actually, that logic is upside down – Africa...

Read More SHARE

Big Four’s stranglehold on corporate tax planning must end

Editor’s note: this piece was originally published in the Financial Times on July 25, 2019. The July 24 Opinion piece “Multi-firm audits can break the Big Four’s oligopoly” by Joseph Smith rightly points out that effective and...

Read More SHARE

The G7 and the SDGs

How some of the world’s most advanced economies and free societies implement the SDGs Leer en Espanol By Edda Pleitez The Sustainable Development Goals (SDGs) are a set of measurable, attainable and time-bound objectives that were accepted...

Read More SHARE