Press - Global Financial Integrity

Fraud in the Caribbean region is widespread, generates hundreds of millions of dollars in criminal proceeds each year

December 14, 2022

Financial fraud has a widespread footprint across the Caribbean, involving hundreds of millions if not billions of dollars in illicit proceeds each year, impacting the economic security of countries and the region as a whole, and generating a certain level of associated violence.

El fraude en la región del Caribe se encuentra extendido de manera generalizada e incluye cientos de millones de dólares en ingresos ilícitos cada año

December 14, 2022

El Caribe ha experimentado un aumento en los delitos financieros en los últimos años, incluidos los esquemas de fraude.

A pesar de rápida adopción de criptomonedas en América Latina y el Caribe, gobiernos no se encuentran preparados para mitigar riesgos por delitos financieros, según estudio de GFI

November 14, 2022

WASHINGTON D.C. 14 de noviembre de 2022 (@IllicitFlows) – Los estándares contra el lavado de dinero y el financiamiento del terrorismo (ALD/CFT) en América Latina y el Caribe no han logrado seguirle el ritmo a la adopción...

Despite rapid crypto adoption in Latin America and the Caribbean, governments are not prepared to handle financial crime risks, GFI study finds

November 14, 2022

WASHINGTON D.C. November 14th, 2022 (@IllicitFlows) – Anti-money laundering and countering terrorism financing (AML/CFT) standards in Latin America and the Caribbean have not kept pace with emerging technologies and asset classes, according to new research by Global...

China’s Belt and Road Initiative Exacerbating Illicit Supply Chains and Trade-Based Money Laundering

November 8, 2022

Since its inception, China has spent an estimated US $200 billion on renewing and modernizing overland trade routes that make up the BRI. New research by Global Financial Integrity and King’s College London finds that improved transport corridors are fueling illicit financial flows (IFFs) and criminal exploitation as the BRI has not been designed and implemented with the aversion of crime.

China plays an outsized role in transnational crime, illicit financial flows mirroring its growth as an international superpower

October 27, 2022

The People’s Republic of China plays an extremely impactful role as a source, transit and/or demand country in many of the most widespread and serious transnational crimes as well as a key facilitator of global illicit financial flows.

Ganancias por extorsión en el Triángulo Norte de Centroamérica superan US$1.1 mil millones al año

September 7, 2022

Washington D.C., 8 de septiembre de 2022 (@IllicitFlows) Las ganancias del delito de extorsión en Guatemala, Honduras y El Salvador llegan a alrededor de los US$1.1 mil millones anuales, de acuerdo con el más reciente estudio realizado...

Extortion payments in Northern Triangle amount to over US$1 billion per year, study finds

September 7, 2022

WASHINGTON D.C. September 8th, 2022 (@IllicitFlows) – Proceeds from extortion in Guatemala, Honduras and El Salvador amount to more than US$1.1 billion annually according to a new study by Global Financial Integrity (GFI). The report, which examined...