Global Financial Integrity

New Anti-Money Laundering Bill Neglects Beneficial Ownership

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.

GFI Opposes H.R. 4519: Letter to the House Financial Services Committee

Heather Lowe

H.R. 4519, the proposed repeal of Section 1504 of the Dodd-Frank Act, also known as the Cardin-Luger Anti-corruption law, Faces Mark-up Tomorrow

On December 11, 2017, Global Financial Integrity sent a letter to Chairman Jeb Hensarling and Ranking Member Maxine Waters of the House Financial Services Committee urging the Committee to vote “NO” on H.R. 4519, which would repeal a crucial bi-partisan anti-corruption law known from Section 1504 of the Dodd-Frank Act.  Section 1504 helps the U.S. government combat corruption in the oil, gas and mining sectors globally.

New Massive Leak of Secret Documents from Bermudian Offshore Law Firm Reveals Tax Abuses and Corruption by Companies and the Global Elite

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.

Global Financial Integrity Joins Addis Tax Initiative as Supporting Organization

Tom Cardamone

The Addis Tax Initiative (ATI) this month invited Global Financial Integrity (GFI) as the first Supporting Organization to be added since the initiative was launched in July 2015. GFI joins the World Bank, the International Monetary Fund, and the Bill & Melinda Gates Foundation in this role.

Pan African Lawyers Union Keynote Address

Raymond Baker

Your Excellencies, Honorable Ministers, distinguished officials, members of the Bar, and guests.

I am delighted to have the opportunity to participate in PALU’s annual conference, this year focusing on the eradication of corruption and illicit financial flows and the role of lawyers and lawyers associations. These issues have moved into the forefront of Africa’s agenda in recent years and will continue to shape thinking about maximizing domestic resources for development in the coming years.

GFI Welcomes Introduction of Bipartisan Bills to End Anonymous Companies in the U.S.

Legislators in the U.S. introduce bi-partisans bills in the Senate and House to end the establishment of anonymous companies in the United States, which is crucial for anti-money laundering.

GFI’s Heather Lowe to Testify before the House Financial Services Subcommittee on Financial Institutions and Consumer Credit Hearing on the U.S. BSA/AML Regulatory Compliance Regime

Heather Lowe, +1 202 293 0740 ext. 228

Global Financial Integrity (GFI) Legal Counsel and Director of Government Affairs Heather Lowe will testify before the House Financial Services Financial Institutions and Consumer Credit Subcommittee Hearing during a public hearing entitled “Examining the BSA/AML Regulatory Compliance Regime” on Wednesday.

Centesimus Annus Pro Pontifice Foundation

Raymond Baker

Thank you. I am very grateful for the opportunity to participate in CAPP Foundation’s 2017 conference. This morning we are focusing our attention on human smuggling and economic crime, as Lord Skidelsky will focus our attention this afternoon on incentivizing solidarity and civic virtue.