Global Financial Integrity

John Unwin - Unsplash
 

Press Releases

GFI Joins Professional & Civil Society Groups Urging Lawmakers to End Tax Strategy Patents

Monique Perry Danziger, +1 202 293 0740 ext. 222
Global Financial Integrity
Monique Perry Danziger, +1 202 293 0740 ext. 222

Patents Part of a Larger Industry that Enables Tax Evasion, Banking Secrecy

WASHINGTON, DC – Global Financial Integrity (GFI) joined a coalition of professional and civil society organizations calling upon the Senate Judiciary Committee to support a provision in S. 23, The Patent Reform Act of 2011, which will eliminate tax strategy patents today.

Read More

Egypt Lost $57.2 Billion from 2000-2008

Monique Perry Danziger, +1 202 293 0740 ext. 222
Global Financial Integrity
Monique Perry Danziger, +1 202 293 0740 ext. 222

Illicit Capital Flight from Middle East and North Africa (MENA) Region Outpacing Rest of Developing World

WASHINGTON, DC – Egypt is losing more than US$6 billion per year—US$57.2 billion in total from 2000 to 2008— to illicit financial activities and official government corruption, writes Global Financial Integrity (GFI) economist, Karly Curcio, in a new weblog published today at www.financial taskforce.org. The piece “Egypt too? There Goes the Neighborhood” uses numbers from GFI’s recently released report, “Illicit Financial Flows from Developing Countries: 2000-2009.”  The report, authored by GFI Lead Economist Dev Kar and Ms. Curcio, lists illicit capital flight numbers for all developing countries from 2000-2008, including Egypt.

Read More

The Cost of Corruption in Russia: US$427 Billion Lost from 2000-2008

Monique Perry Danziger, +1 202 293 0740 ext. 222

Country Loses Over US$50 Billion Per Year; Second Highest Illicit Financial Outflows in Developing World

WASHINGTON, DC – A new report from Global Financial Integrity (GFI), “Illicit Financial Flows from Developing Countries: 2000-2009,” released this week shows that Russia has the second highest measured illicit outflows out of the developing world–US$427 billion from 2000-2008, an average of US$53 billion per year.

Read More

New Report Measures the Cost of Crime, Corruption, and Trade Mispricing on Developing Countries

Monique Perry Danziger, +1 202 293 0740 ext. 222

Developing Countries Lost Roughly $6.5 Trillion in Illicit Financial Outflows from 2000 through 2008, $2.18 Trillion From China Alone

WASHINGTON, DC – Global Financial Integrity (GFI) released its annual analysis of the cost of crime, corruption, and trade mispricing on developing countries today. The report, “Illicit Financial Flows from Developing Countries: 2000-2009,” finds that approximately US$6.5 trillion was removed from the developing world from 2000 through 2008. The report also examines illicit flows from Asia, which produced the largest portion of total outflows, and makes projections for 2009. (Full report 3.35 MB, Tip Sheet 172KB).

Read More

Corruption, Tax Evasion, Criminal Activity Cost Tunisia US$1.16 Billion Per Year From 2000-2008

Monique Perry Danziger, +1 202 293 0740 ext. 222

New Global Financial Integrity Report on Illicit Financial Flows out of the Developing World to Be Released Tuesday, January 18th

WASHINGTON, DC – A new report from Global Financial Integrity (GFI), “Illicit Financial Flows from Developing Countries: 2000-2009,” includes data on Tunisia, which GFI estimates is losing more than a billion U.S. dollars per year to illicit financial activities and official government corruption.

Read More

Finance and Civil Society Organizations Release Statement on Corporate Accountability, Transparency

Monique Perry Danziger, +1 202 293 0740 ext. 222
Global Financial Integrity
Monique Perry Danziger, +1 202 293 0740 ext. 222

New Haven Declaration on Corporate Financial Transparency Brings Together Unique Coalition of Asset Management Firms and Civil Society Organizations

WASHINGTON, DC – A unique coalition of asset management firms and civil society organizations issued a statement today committing to call on governments and relevant multilateral institutions to establish a country-by-country financial reporting standard for multinational corporations.  The “New Haven Declaration on Corporate Financial Transparency” establishes links between corporate accountability, business practices, and economic development and poverty alleviation.  New Haven statement signatories include groups like Trillium Asset Management and Wealth for the Common Good and represent $20 billion in combined assets under management.

Read More

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

Monique Perry Danziger, +1 202 293 0740 ext. 222

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

Statement from the Director of Global Financial Integrity on the Passing of George Vojta

Monique Perry Danziger, +1 202 293 0740 ext. 222

WASHINGTON, DC — Global Financial Integrity (GFI) marks the passing of George Vojta, a distinguished and luminary figure in the financial world. GFI director, Raymond Baker, issued the following statement following the news of Mr. Vojta’s passing:

Read More