Global Financial Integrity

John Unwin - Unsplash

Issues (Orpheus Development Page)

Anonymous Companies

Rishi Deep Unsplash

An anonymous shell company is a corporate entity that has disguised its ownership in order to operate without scrutiny from law enforcement or the public. These “phantom firms” can open bank accounts and wire money like any other company, making them a favorite tool for money launderers to hide their business and assets from authorities.

Read More SHARE


  Providing research, advocacy and policy solutions on anti-corruption is a key part of GFI’s work. Not only does corruption generate illicit financial flows, it also promotes other illicit activities that negatively impact governance, economic development, and...

Read More SHARE

Illicit Financial Flows

Illicit financial flows (IFFs) are illegal movements of money or capital from one country to another. GFI classifies this movement as an illicit flow when the funds are illegally earned, transferred, and/or utilized.

Read More SHARE

Money Laundering

Aidan Bartos, Unsplash

Money laundering is the process of disguising the proceeds of crime and integrating it into the legitimate financial system. Before proceeds of crime are laundered, it is problematic for criminals to use the illicit money because they cannot explain where it came from and it is easier to trace it back to the crime. After being laundered, it becomes difficult to distinguish money from legitimate financial resources, and the funds can be used by criminals without detection.

Read More SHARE

Natural Resources

Why are natural resources at risk of illicit financial flows? Countries rich in natural sources and highly dependent on them to fund their national economies tend to statistically have deeply entrenched issues of illicit financial flows (IFFs) and...

Read More SHARE

Financial Secrecy

Samuel Zeller Unsplash

The phrase ‘tax haven’ often conjures up images of a balmy palm tree-studded island nation with an ‘anything goes’ attitude to accepting financial deposits and a distinct distaste for foreign authorities—“sunny places for shady people,” as author Nicholas Shaxson calls them. But these classical tax havens now have a lot of company—despite recent progress, there are still plenty of places all over the world where one can stash their money without scrutiny.

Read More SHARE

Trade Integrity

Trade integrity is defined as international trade transactions that are legitimate, properly priced and transparent. Supporting and implementing policies to promote trade integrity can create permanent change by helping governments to significantly curtail illicit financial outflows so...

Read More SHARE

Trade Misinvoicing

Trade misinvoicing is a method for moving money illicitly across borders which involves deliberately misreporting the value, volume, and/or type of commodity in a commercial transaction on an invoice submitted to customs. A method used to shift value through international trade, trade misinvoicing is the largest component of illicit financial outflows measured by Global Financial Integrity.

Read More SHARE