WASHINGTON, DC – Global Financial Integrity (GFI) Advisory Board Member and Nigerian Coordinating Minister for the Economy and Minister of Finance Ngozi Okonjo-Iweala is to be nominated by developing world nations to replace outgoing World Bank President Robert Zoellick when his term expires in June. The Wall Street Journal reports today that Min. Okonjo-Iweala will receive the backing of South Africa, Angola and Nigeria to fill the top role at the international financial institution.
Georgetown University Panel to Also Feature Speakers from DOJ, SEC, Shearman & Sterling and World Bank
WASHINGTON, DC – Global Financial Integrity’s Legal Counsel and Director of Government Affairs, Heather A. Lowe, will participate in a panel discussion on proposed changes to the FCPA at Georgetown University Law Center tomorrow evening, Tuesday, March 13, 2012.
Amendment to Raise $900 Million Over 10 Years
WASHINGTON, DC – Global Financial Integrity (GFI) today applauded the U.S. Senate for unanimously adopting the Levin-Conrad amendment (S.A. 1818) to the highway reauthorization bill, and called upon members of the House of Representatives to follow suit in their own version of the legislation.
E.J. Fagan, +1 202 293 0740 ext. 227
WASHINGTON, DC – Global Financial Integrity (GFI) praised moves by the international anti-money laundering authority to crackdown on tax evasion and smuggling in new standards announced today, but expressed disappointment in the body’s failure to address anonymous corporate vehicles as a facilitator of financial crime.
WASHINGTON, DC – Anti-poverty groups and supporters of financial transparency today urged the oil industry to drop its attacks on a new law that will reduce corruption and reveal the money trail between industry and resource-rich governments.
Legislation Would Require Country-by-Country Reporting of Sales, Profits, Employees and Tax Payments by Multinationals
WASHINGTON, DC – Global Financial Integrity (GFI) today applauded the introduction of a bill, which would close several major tax loopholes and curtail abusive tax haven secrecy.
E.J. Fagan, +1 202 293 0740 ext. 227
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.
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.
