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...
September 2, 2020
By Helene Church GFI’s 2011 annual report titled “Illicit Financial Flows from Developing Countries: 2000–2009” served as evidence in the prosecution of Rifaat al-Assad, brother of the former Syrian president, Hafez al-Assad, and uncle of current president...
By Lakshmi Kumar, August 5, 2020
Global Financial Integrity (GFI) was proud to contribute to the July 2020 report ‘Dubai’s Role in Facilitating Corruption and Global Illicit Financial Flows’ from the Carnegie Endowment for International Peace. The contribution, Chapter 3 of the report,...
August 4, 2020
By Brian Monroe, VP – Content Development, Association of Certified Financial Crime Specialists This piece was originally published on July 6th, 2020 by the Association of Certified Financial Crime Specialists and is reposted with permission. When it...
June 16, 2020
By Julia Yansura and Laura Porras Today, June 16th marks the International Day of Family Remittances, dedicated to recognizing the contributions of the international migrants who send over US$550 billion home to developing countries each year. And...
June 3, 2020
by John A. Cassara John Cassara is a former US Treasury Special Agent and is on the Board of Directors of Global Financial Integrity. He has written numerous articles and books on money laundering and threat finance....
May 1, 2020
Editor’s Note: This opinion piece was written by a former US Treasury official, who has requested anonymity. Many illicit finance experts agree trade-based money laundering (TBML) is one of the largest, if not the largest, money laundering...
By Tom Cardamone, September 9, 2019
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...