Global Financial Integrity

John Unwin - Unsplash
 

Press Releases

Information Exchange, Reporting, Facilitating Due Diligence, Key to Increasing Transparency

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

WASHINGTON, DC – The discovery of “massive and on-going fraud” at Stanford Financial Group, intensifying U.S. pressure against Swiss bank UBS, and strong words of intent to crackdown on tax havens issued Sunday by EU finance ministers are just the latest events to underscore the need to institute transparency measures in tax and financial policy.

Read More

European Commission Move to Abolish Bank Secrecy Critical to Fighting Tax Evasion

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

WASHINGTON, DC – Global Financial Integrity (GFI) applauds the European Commission’s adoption of measures to improve cooperation between EU member states and increase transparency in tax assessment and collection. These measures to abolish bank secrecy and foster greater cooperation between EU nations are part of wider EU efforts to crackdown on tax evaders.

Read More

Transparency, Accountability Key to Restructuring of Global Financial System

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

WASHINGTON, DC – As policy makers, business leaders, and institutional stakeholders convene in Davos, Switzerland for the World Economic Forum, Global Financial Integrity (GFI) urges participants to call for greatly improved financial transparency and accountability.

Read More

Transparency Key to Curtailing Abusive Offshore Tax Schemes

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

WASHINGTON, DC –  Global Financial Integrity (GFI) urges Congress to institute measures requiring greater transparency following the release of a  Government Accountability Office (GAO) report stating that eighty-three of America’s 100 largest publicly traded corporations and contractors control secret offshore operations that could help them avoid paying U.S. taxes on their profits.

Read More

Global Task Force Links Financial Integrity and Economic Development

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

WASHINGTON, DC – A unique global coalition of civil society organizations and more than 50 governments was launched today to address the inequalities in the financial system that penalize billions of people.  The Task Force on Financial Integrity and Economic Development advocates for greatly improved transparency and accountability in the global financial system.  The opacity and complexity of the financial system, enabled by financial institutions, laundering techniques and more than 70 secrecy jurisdictions, is at the heart of the current financial crisis and significantly impedes the ability of poor countries to develop their economies.

Read More

After an Historic Election, What a Barack Obama Presidency Might Mean for Tax Havens

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

WASHINGTON, DC – As a Senator, President-Elect Barack Obama co-signed legislation that would crack-down on tax evasion and the abuse of tax havens, as a Presidential candidate he reiterated his commitment to tackling tax evasion.

Read More

New Report Finds that Illicit Financial Flows out of the Developing World Overwhelm Foreign Aid

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

WASHINGTON, DC – A new report by Global Financial Integrity,“Illicit Financial Flows from Developing Countries: 2002-2006,” shows that the developing world is losing an increasing amount of money through illicit capital flight each year.

Read More

Global Financial Integrity Welcomes New Advisory Board Member

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

Kenneth M. Jensen Joins Global Financial Integrity Advisory Board

WASHINGTON, DC – Global Financial Integrity is pleased to welcome Kenneth M. Jensen  as the newest member of its advisory board.

Read More