Global Financial Integrity

GFI header image

GFI Estimates Mexico Loses Over US$50 Billion Annually in Illicit Financial Outflows

New Blog Post Reveals Mexican Economy Lost US$462 billion between 2000 and 2008

WASHINGTON, DC – As drug violence in Mexico spirals out of control, a new blog post published today on the website of the Task Force on Financial Integrity & Economic Development reveals that the Mexican economy is losing over US$50 billion per year in illicit financial outflows.  Citing data from GFI’s forthcoming report, Illicit Financial Flows from Developing Countries: 2000-2009, Global Financial Integrity Economist Karly Curcio states that, between 2000 and 2008, total illicit financial outflows from Mexico totaled US$462 billion.

Read More SHARE

New GFI Blog Post Reveals Venezuela Lost Over US$33 Billion in Illicit Outflows in 2008

Data Part of a Forthcoming Global Financial Integrity Report on Illicit Outflows from the Developing World

WASHINGTON, DC – A new blog post published today on the website of the Task Force on Financial Integrity & Economic Development sheds light on the economic challenges facing Venezuela under its current leadership.  The post reveals new numbers from an upcoming Global Financial Integrity report on illicit financial flows (IFF) out of the developing world and explains the linkages between IFFs, poverty, censorship and corruption.

Read More SHARE

Chile’s Transfer Pricing Audit of Multinationals Could Yield Insight into Corporate Tax Evasion

WASHINGTON, DC — A new audit program developed by Chile’s tax authority to detect “differences in inter-company transactions” of Chilean multinational corporations is a crucial step towards more effective regulation of a practice often utilized by multinationals to evade taxes, said Global Financial Integrity (GFI) Wednesday.

Read More SHARE

Morgenthau Warns of Threats to National Security from Increasing Ties between Iran and Venezuela

WASHINGTON, DC — The growing presence of Iran in Latin America is a threat to national security and demands greater scrutiny and action by the United States and Venezuelan’s Latin American neighbors was the message delivered by New York Country District Attorney Robert Morgenthau at a lunch briefing today at the Brookings Institution organized by Global Financial Integrity and the American Interest.

Read More SHARE