Global Financial Integrity

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Anonymous Companies and Transnational Crime

Transnational crimes generate US$1.6 trillion to US$2.2 trillion annually In 2017, Global Financial Integrity (GFI) did a study on transnational crime and found that the combined annual value of 11 different transnational criminal markets was between US$1.6...

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GFI: India Lost Approximately US$13.0 Billion to Trade Misinvoicing in 2016

Global Financial Integrity estimates India lost US$13.0 billion in potential revenue to trade misinvoicing in 2016 alone. How did we get that estimate? This blog breaks down the findings and methodology of our latest report.

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Taking stock of 2018’s money laundering scandals: When is enough enough? (Part 2)

A systemic problem persists in banks’ ability and willingness to stop dirty money from flowing through the financial system. But when will it stop, or even diminish?

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Taking stock of 2018’s money laundering scandals: When is enough enough? (Part 1)

If ever there was the need to showcase the extent to which there is an endemic problem surrounding money laundering at large banks, look no further than 2018.

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The Serious Impacts of Fisheries Crime

Read Channing Mavrellis’ remarks from the Impacts Panel at the 4th Annual FishCRIME Convention, held in Copenhagen on October 15 and 16, 2018. Channing discusses the impacts of three major crimes that fall under the fisheries crime umbrella, and the need to treat illegal fishing as a serious transnational organized crime.

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Fifth Annual Amartya Sen Essay Prize 2018

This year, Global Financial Integrity and Academics Stand Against Poverty will be awarding the fifth annual Amartya Sen Prizes to the two best original essays on assessing the human impact of illicit financial flows out of Africa....

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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...

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Romania’s Corruption Remains Undefeated Despite Progress

When in 2007 Romania joined the European Union (EU), it was one of the poorest and most corrupt nations in the union. Ten years later, Romania demonstrates the fastest economic growth in the EU (in 2016 GDP grew by 4.8 %), it is considered as the next tech-startup hub country, and its digital infrastructure makes it an attractive location for tech investments. Despite the growth in recent years, Romania is the second-worst in the EU for the risk of poverty and social exclusion. And while the government struggles to meet its budget collection target, corruption and mistrust in government impede economic development.

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