December 9, 2020
With the expected passage of the 2020 National Defense Authorization Bill there will be many changes to anti-money laundering efforts in the future. FinCEN’s duties and powers will be expanded, there will be updates to the Bank Secrecy...
By Lakshmi Kumar, December 7, 2020
On the 14th and 21st of October, 2020, Global Financial Integrity (GFI) held a two-part webinar event on illicit gold trade in India, organized in conjunction with Fintelekt. The series explored issues in gold trafficking as a...
By Lauren Anikis, December 7, 2020
This year, Global Financial Integrity and Academics Stand Against Poverty will be awarding the eighth annual Amartya Sen Prizes to the two best original essays examining one particular component of illicit financial flows, the resulting harms and...
By Lionel Bassega, November 24, 2020
Global trade is widely recognized as the lifeblood of a growing economy. However, according to the Wolfsberg’s Group Trade Finance Principles, financial institutions involved in trade financing cannot easily identify instances of over- or under-invoicing (or any...
By Claudia Helms, November 17, 2020
In the fight against international financial crimes, some of the greatest tools at a country’s disposal are strong laws promoting and enforcing transparency in beneficial ownership. Last month, the Colombian Congress introduced a bill to address beneficial...
November 16, 2020
By Brooke Tunstall Corporate tax avoidance is an open secret in the world of multinational enterprises. Hiding behind loose laws and revenue reporting standards around the globe, these international corporations obscure profits and losses to a degree...
November 2, 2020
By Sue Ryu In resource rich, commodity-dependent developing nations such as Chile, the issue of trade misinvoicing is not only highly prevalent, but of great negative consequence for public welfare. Chile ranks on the higher end of...
October 29, 2020
BY NELSON LEONOR Central American ports have long been vulnerable to organized crime and narcotics trafficking, and despite billions of dollars spent attempting to combat the drug trade, a number of recent cases from Guatemala and Honduras...