Global Financial Integrity

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Press Releases

Democratic Republic of Congo Lost $15.5 Billion in Capital Flight Since 1980, According to GFI Report

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

WASHINGTON, DC – The Democratic Republic of Congo (DRC) lost an estimated $15.5 billion due to capital flight from 1980 to 2006, according to a new report from Global Financial Integrity (GFI).  The report was prepared using data from the International Monetary Fund and World Bank and represents the most up-to-date figures for illicit capital outflow from the DRC.

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Legislative Action Needed to Tackle Scourge of Tax Evasion, Says Global Financial Integrity

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

WASHINGTON, DC – The Senate Permanent Subcommittee on Investigations’ hearing Thursday, “Tax Havens and U.S. Tax Compliance” offered rare insight into a shadowy world of secretive banking practices and reported figures for estimated revenue lost through tax evasion and “abusive tax schemes” in the tens of billions.

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Tax Havens, Evasion to be Target of Senate Hearings, Investigation

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 the Senate Permanent Subcommittee on Investigations’ exploration into the role of offshore banks in U.S. tax evasion. The Subcommittee will be holding a hearing on “Tax Haven Banks and U.S. Tax Compliance,” Thursday, July 17th to investigate if and how financial institutions located in offshore jurisdictions, including Liechtenstein and Switzerland, facilitate illicit financial practices such as tax evasion.

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Curtailing Hundreds of Billion Lost in Capital Flight Critical as Global Food, Poverty Crisis Looms, Says Global Financial Integrity

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

WASHINGTON, DC – As rising food and fuel prices threaten to plunge millions of people in the developing world into abject poverty, Global Financial Integrity (GFI) urges curtailment of illicit capital flight as a crucial component of poverty alleviation and economic development efforts.

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Illicit Financial Practices Face ‘Perfect Storm’ of Legal and Legislative Actions, Says Global Financial Integrity

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

WASHINGTON, DC – With current prosecutorial and investigative actions against tax dodgers being stepped-up and legislation gaining ground in the U.S. Senate that will tackle everything from money-laundering to tax haven abuse, the potential for far-reaching changes in how Americans bank and do business is set to change, says Global Financial Integrity.

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GFI Director Addresses Business Leaders on Changing Landscape for U.S. Banks, Business

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

NEW YORK – Global Financial Integrity (GFI) director Raymond Baker addressed an audience of Fortune 500 CEOs, CFOs, general counsels and directors, and federal and state policy makers Wednesday in New York City on changes in U.S. finance laws and enforcement.

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Tax Havens, Evasion to be Targeted by European and U.S. Lawmakers in Year Ahead

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

WASHINGTON, DC – In the wake of a tax evasion scandal which has led to calls for increased transparency and tighter regulation of cross-border capital movement within the European Union, Global Financial Integrity applauds efforts by U.S. legislators to enact legislation which would keep the U.S. apace of its European counterparts.

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GFI Attends Second Meeting of Norwegian-Led, International Task Force on Illicit Financial Flows and Their Impact on Development

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

OSLO, Norway – Global Financial Integrity (GFI) director Raymond Baker will be a featured speaker at the second meeting of a Norwegian-led, international task force on illicit financial flows and their impact on development, in Oslo, Norway.  The conference will bring together representatives from 20 countries, international financial institutions, and other multilateral organizations.

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