April 22, 2019
Washington, DC– Tom Cardamone, with the recommendation of Raymond Baker and the unanimous approval of the Board of Directors, becomes President and Chief Executive Officer of Global Financial Integrity (GFI) with effect from May 1, 2019. Directors...
January 28, 2019
A new analysis of illicit financial flows (IFFs) due to trade misinvoicing in 148 developing countries demonstrates that trade-related IFFs appear to be both significant and persistent features of developing country trade with advanced economies.
November 13, 2018
South Africa Trade Misinvoicing Leads to Massive Revenue Losses WASHINGTON, DC – Analysis of trade misinvoicing in South Africa from 2010 – 2014 shows that the potential average loss of revenue to the government was...
October 31, 2018
Nigeria Trade Misinvoicing Leads to Significant Revenue Losses Misinvoicing of Imports and Exports is 15 percent of all Trade Transactions WASHINGTON, DC – Analysis of trade misinvoicing in Nigeria in 2014 shows that the...
October 8, 2018
New Study Shows Kenya Trade Misinvoicing Leads to Significant Revenue Losses Misinvoicing of Imports and Exports Approaches 1/4 of all Trade Transactions WASHINGTON, DC – Analysis of trade misinvoicing in Kenya in 2013 shows that the potential loss...
October 1, 2018
Study looks at trade from West & Central Africa and Southeast Asia from Source to Buyer Dealers are the most important actors in the illicit supply chain WASHINGTON, DC – Criminal networks of poachers, suppliers, dealers, wholesalers,...
June 13, 2018
The U.S. House of Representatives Committee on Financial Services has scheduled a Thursday markup on an anti-money laundering (AML) bill (HR 6068) stripped of beneficial ownership provisions necessary to address this widely-recognized and well-documented vulnerability in the U.S. AML regime.
November 5, 2017
Leaked documents from Bermuda-based global offshore law firm Appleby—“Paradise Papers”—revealed today by the International Consortium of Investigative Journalists (ICIJ) bring to light again the global shadow financial system for the rich and powerful of the world. GFI Calls on Governments to Collect and Publish Beneficial Ownership Information for Accounts to Limit Future Abuses like those in the Paradise and Panama Papers Leaks.