Increasing Transparency in the Global Financial System Must Be on G20 Agenda
WASHINGTON, DC – Global Financial Integrity Director Raymond Baker released the following statement ahead of the upcoming G20 summit in London.
Global Safeguards, Transparency, Key to Stemming Systemic Illicit Financial Flows
Liechtenstein Scandal Points to Need for Improved Global Safeguards to Stem Illicit Financial Flows, Says Global Financial Integrity
WASHINGTON, DC – Global Financial Integrity (GFI) urges the Organization for Economic Cooperation and Development (OECD) and the Financial Action Task Force (FATF) to implement new safeguards that will greatly improve transparency and cooperation in the global financial system. New policies to further restrict terrorist groups from transferring and hiding funds, to create a level playing field for all taxpayers and to curtail the flow of all forms of illicit capital are critical to the future integrity of the financial system.