WASHINGTON, DC – Global Financial Integrity (GFI) Advisory Board Member and Nigerian Coordinating Minister for the Economy and Minister of Finance Ngozi Okonjo-Iweala is to be nominated by developing world nations to replace outgoing World Bank President Robert Zoellick when his term expires in June. The Wall Street Journal reports today that Min. Okonjo-Iweala will receive the backing of South Africa, Angola and Nigeria to fill the top role at the international financial institution.
Georgetown University Panel to Also Feature Speakers from DOJ, SEC, Shearman & Sterling and World Bank
WASHINGTON, DC – Global Financial Integrity’s Legal Counsel and Director of Government Affairs, Heather A. Lowe, will participate in a panel discussion on proposed changes to the FCPA at Georgetown University Law Center tomorrow evening, Tuesday, March 13, 2012.
Amendment Would Raise $900 Million Over 10 Years
WASHINGTON, DC – Global Financial Integrity (GFI) today joined several other civil society organizations encouraging U.S. Senators to support the offshore tax evasion amendment (S.A. 1818) to the highway reauthorization bill. The amendment, sponsored by Senators Carl Levin (D-MI) and Kent Conrad (D-ND), is expected to come up for a vote this evening.
Amendment to Raise $900 Million Over 10 Years
WASHINGTON, DC – Global Financial Integrity (GFI) today applauded the U.S. Senate for unanimously adopting the Levin-Conrad amendment (S.A. 1818) to the highway reauthorization bill, and called upon members of the House of Representatives to follow suit in their own version of the legislation.
Krishen Mehta
Global Financial Integrity
Solutions to root causes of the huge levels of illegal immigration from Mexico to the United States deserve more attention. One cause of people leaving developing countries like Mexico is the outflow of financial resources from illicit activities. Stop this flow of capital, and countries would have the resources to create jobs and opportunity at home and stem the flow of people over our borders.
To do this, we must change our laws, which today make it far too easy for people from other countries to hide their ill-gotten gains here in America.
E.J. Fagan, +1 202 293 0740 ext. 227
WASHINGTON, DC – Global Financial Integrity (GFI) praised moves by the international anti-money laundering authority to crackdown on tax evasion and smuggling in new standards announced today, but expressed disappointment in the body’s failure to address anonymous corporate vehicles as a facilitator of financial crime.
WASHINGTON, DC – Anti-poverty groups and supporters of financial transparency today urged the oil industry to drop its attacks on a new law that will reduce corruption and reveal the money trail between industry and resource-rich governments.
Legislation Would Require Country-by-Country Reporting of Sales, Profits, Employees and Tax Payments by Multinationals
WASHINGTON, DC – Global Financial Integrity (GFI) today applauded the introduction of a bill, which would close several major tax loopholes and curtail abusive tax haven secrecy.
