Global Financial Integrity

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Ahead of Anti-Corruption Day, GFI Reviews the Major Developments of 2012

WASHINGTON, DC – As the world observes International Anti-Corruption Day this Sunday, December 9, 2012, Global Financial Integrity highlighted some of the most notable achievements, developments, and short-comings in the fight against corruption over the past year.

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Regarding Walmex: GFI Research Shows Mexico Loses $50 Bln Annually to Money Laundering, Tax Evasion

WASHINGTON, DC – A letter published yesterday by two influential U.S. Congressmen suggests that Wal-Mart de Mexico (Walmex), the Mexican subsidiary of U.S. retailer Wal-Mart Stores Inc., which recently came under fire for possible violations of the Foreign Corrupt Practices Act, may have been engaged in money laundering and tax evasion in Mexico.

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After HSBC, GFI Calls For Regulators To Change The Incentives For The Financial Industry

WASHINGTON, DC – Global Financial Integrity applauded the Senate Permanent Subcommittee on Investigations today on this week’s hearing, “U.S. Vulnerabilities to Money Laundering, Drugs, and Terrorist Financing: HSBC Case History.” The hearing painted a picture of a bank that chose profit over protection, failing to apply legally mandated anti-money laundering protections to many of its accounts.

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A More Comprehensive Understanding of Sustainable Development: GFI Sees Step Forward at Rio+20

Illicit Financial Flows, Corruption Included in Sustainable Development Agenda for the First Time

WASHINGTON D.C. – Global Financial Integrity (GFI), a Washington-based research and advocacy organization, praised the commitments made to address illicit financial flows by leaders in government and business at the United Nations Conference on Sustainable Development, also known as the Rio+20, Conference this week.

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To Ensure Stability, G20 Should Tackle Tax Haven Secrecy, Curtail Illicit Financial Flows

Greece Lost US$160 Billion to Illicit Financial Outflows over Past Decade

WASHINGTON, DC – Global Financial Integrity (GFI) today called upon G20 leaders meeting this week in Los Cabos, Mexico to tackle the issue of tax haven secrecy and the illicit financial flows it facilitates as a necessary means to ensuring stability in the international financial system.

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Mexico Hemorrhages US$872 Billion to Crime, Corruption, Tax Evasion from 1970-2010

Illicit Financial Outflows Average Over 5% of GDP, Driven by Underground Economy, Spiked in Wake of NAFTA

Study Recommends Policies Be Implemented to Address Trade Mispricing, Money Laundering, Tax Evasion

MEXICO CITY / WASHINGTON, DC – Crime, corruption and tax evasion cost the Mexican economy US$872 billion between 1970 and 2010 according to a new report from Global Financial Integrity (GFI), a Washington, DC-based research and advocacy organization. The illicit financial outflows, which averaged a massive 5.2% of GDP, grew significantly over the 41-year period studied from just US$1 billion in 1970 to US$68.5 billion in 2010.

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Mexico Press Briefing: New Report on Illicit Financial Flows out of Mexico

MEXICO CITY – Representatives from Global Financial Integrity will be holding a briefing on the report for journalists in the Doña Sol Room at the Hilton Mexico City Reforma Hotel in Mexico City on Monday, January 30, 2012 at 11am CST.

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Revamping Brazilian Tax Policy with Emphasis on “Fiscal Justice”

GFI’S Heather Lowe to Deliver Remarks on Impact of Illicit Financial Flows, Financial Secrecy at High-Level Tax Policy Conference

WASHINGTON, DC – Global Financial Integrity’s Legal Counsel and Director of Government Affairs, Heather Lowe, will deliver remarks at the Brazilian Council of Economic and Social Development’s International Seminar on Fiscal Justice on Wednesday, August 10, 2011. Ms. Lowe’s remarks will be part of the seminar’s fiscal policy, productivity and competitiveness panel.

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