October 2, 2015
U.S. Department of Labor Puts Pension Funds at Risk WASHINGTON, DC – Global Financial Integrity (GFI) expressed disappointment today in the U.S. Department of Labor’s (DOL) decision that the Credit Suisse asset management entities can continue to enjoy...
September 25, 2015
GFI Managing Director Tom Cardamone Available for Commentary in New York Washington, DC — Global Financial Integrity applauds the official adoption of the Sustainable Development Goals (SDGs) by the UN General Assembly today in New York. This...
September 24, 2015
GFI Managing Director Tom Cardamone Available for Commentary in New York Washington, DC — The scourge that illicit financial flows (IFFs) inflict upon poverty alleviation efforts has become well known and is addressed in the Sustainable Development...
September 23, 2015
WASHINGTON, DC – Analysis of illicit financial flows (IFFs) in the poorest nations shows that from 2008 – 2012 IFFs swamped national health spending in many countries. The IFF/Health Spending ratios provided below give an indication of the...
September 21, 2015
Book to be launched at two-day conference on September 21 and 22 at the National Press Club in Washington, DC Russia’s illicit outflows were 8.3% of GDP (1994-2012); Illicit outflows from Mexico (1970-2012) and the Philippines (1960-2012)...
September 16, 2015
Action by United Nations “a Seismic Shift in Development Orthodoxy” WASHINGTON, DC – Analysis of illicit financial flows (IFFs) by Global Financial Integrity (GFI) shows that in seven of the last ten years the global volume of...
September 9, 2015
Illicit Outflows average 6.5% of Myanmar’s Official GDP; Technical Smuggling of Imports via Fraudulent Misinvoicing Accounts for 71.0% of Myanmar’s Illicit Inflows Underground Economy Averaged 55.1% of Country’s GDP; Drives and is Driven by Illicit Flows Tax...
September 8, 2015
Washington, DC, September 8, 2015 – Analysis of illicit financial flows (IFFs) in the poorest nations shows that from 2008 – 2012 IFFs swamped national education spending in many countries. The IFF/Education Spending ratios (see below) give an indication of the problem some countries will face in achieving Sustainable Development Goals #4. GFI President Raymond Baker said that the UN commitment to “substantially reduce” IFFs in target 16.4 “is a welcome advance in the fight to curtail the damage illicit flows inflict on children around the globe.”