Global Financial Integrity

John Unwin - Unsplash
 

Press Releases

On Anti-Corruption Day, a Look Back at 2010

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

New U.S. and UK Laws, Multi-Lateral Actions Represent Significant Gains, but Challenges Still Exist

WASHINGTON, DC – In October 2003 the United Nations General Assembly adopted the UN Convention Against Corruption (UNCAC) and designated December 9th as International Anti-Corruption Day.  Global Financial Integrity looks back on the past year to see how anti-corruption efforts fared.

Read More

Eva Joly to Receive 2010 Global Financial Integrity Award for Exemplary Leadership

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

Will Accept Award at Gala Dinner in Washington, DC

WASHINGTON, DC — Global Financial Integrity (GFI) is pleased to announce European Parliament Member Eva Joly as the recipient of its 2010 award for Exemplary Leadership in honor of the great work she has done against corruption and fraud. Ms. Joly will accept the award at a gala dinner to be held at a private club on Friday, December 10, 2010 in Washington, DC.

Read More

New Report Finds Illicit Capital Flight out of India US$462 Billion

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

Examines Role of Tax Evasion, Corruption, Trade Mispricing

WASHINGTON, DC — “The Drivers and Dynamics of Illicit Financial Flows from India: 1948-2008,” released today from Global Financial Integrity (GFI), estimates that tax evasion, crime, and corruption have removed gross illicit assets from India worth US $462 billion.  The report also finds that the faster rates of economic growth since economic reform started in 1991 led to a deterioration of income distribution which led to more illicit flows from the country. Moreover, the report finds that the poor state of governance is reflected in a growing underground economy which in turn has fueled more transfers of illicit capital from India. This analysis is cast in terms of a pre- and a post-reform period spanning a total of 61 years since independence.

Read More

Global Financial Integrity Applauds Shareholder Initiative

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

WASHINGTON, DC – Global Financial Integrity (GFI) applauds Harrington Investments, Inc.’s decision to file shareholder resolutions with Citigroup, Bank of American and JPMorgan Chase, calling for the adoption of a policy position addressing the systemic use of the U.S. financial system to both shelter illicit funds and transfer them internationally.

Read More

United States: Promote Global Financial Transparency at G20 Summit

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

Greater Accountability Would Improve Development and Rights, Alleviate Poverty

WASHINGTON, DC – The United States should press for greater transparency and accountability in the global financial system at the G20 Summit meeting in Seoul, a coalition of civil society organizations said today. The G20 Advocacy Coalition brings together varied organizations – that share the view  that increased transparency is essential to promoting economic development, alleviating poverty and realizing enjoyment of economic and social rights.

Read More

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

Clark Gascoigne, +1 202 293 0740 ext. 222

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

India Lost over US$125 Billion in Illicit Outflows between 2000-2008

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

New GFI Blog Post Explores Link between Corruption, Poverty, and Violence against Whistleblowers in India

Post features advance look at numbers from upcoming GFI report on illicit financial flows from India; country lost over US$125 billion in illicit outflows between 2000-2008

WASHINGTON, DC – Following a Washington Post story published yesterday about recent violent crimes in India against whistleblowers, Global Financial Integrity published a post revealing new numbers from an upcoming GFI report on illicit financial flows (IFF) from India and explaining linkages between IFFs, poverty, corruption, and crime.

Read More

Global Financial Integrity Profiled in Tax Notes International Magazine

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

WASHINGTON, DC—Global Financial Integrity (GFI) is featured in an in-depth profile piece appearing in the tax news publication, Tax Notes International, which hit newsstands this week. The article features interviews with GFI director Raymond Baker, managing director Tom Cardamone, and legislative affairs director Heather Lowe in addition to discussing GFI’s work on such issues as transfer pricing, new legislation on tax compliance, and beneficial ownership.

Read More