Tax Havens
If you live in the United States, the phrase ‘tax haven’ likely brings to mind tropical palm varieties, sand lodged in toe crevices, and small countries brimming with peculiar corporate offices. If you live in Europe, you...
Issues
Anonymous Companies
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.
Anti-Corruption
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...
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.