June 3, 2010
Global Financial Integrity Director Raymond Baker spoke Thursday, June 3rd, 2010 at the United Nations Headquarters in New York on the topic of “Innovative Development Financing Initiatives Under Development” as part of an informal event on innovative sources of development finance.
June 3, 2010
WASHINGTON, DC—New disclosure rules going into effect today for petroleum and mineral companies listed with the Hong Kong stock exchange (HKEx) will increase transparency and accountability in the extractive industries sector with beneficial implications for Hong Kong’s investment climate, said Global Financial Integrity (GFI).
May 19, 2010
WASHINGTON, DC – The fate of a crucial element of financial reform efforts, an amendment proposed to the Financial Stability Reform Act by Senators Carl Levin ((D-MI) and Jeff Merkley (D-OR) is in limbo ahead of a cloture vote scheduled to take place on the Senate floor later today. The proposed amendment-which will reportedly be prevented from receiving a vote on the Senate floor-will ban banks from proprietary trading, and its omission from the financial reform bill would set back critical efforts to increase transparency in offshore financial markets, said Global Financial Integrity today.
May 13, 2010
WASHINGTON, DC—A report released today from Global Financial Integrity (GFI) examines where trillions of dollars in illicit finances—the proceeds of crime, corruption, and tax evasion are being deposited.
May 11, 2010
WASHINGTON, DC—Global Financial Integrity lead economist, Dev Kar, has prepared an analysis on the Greek financial crisis for the blog of the Task Force on Financial Integrity & Economic Development in which he looks at the role illicit financial flows— Greece lost an estimated US$160 billion in unrecorded transfers through its balance of payments in the last decade—played leading up to the current financial crisis.
April 22, 2010
Washington, DC — As the Group of Twenty (G20) finance ministers meets tomorrow in Washington, Global Financial Integrity (GFI) urges leaders to acknowledge the devastating link between illicit financial flows from developing countries, secrecy jurisdictions (tax havens), and global poverty.
April 20, 2010
WASHINGTON, DC — Global Financial Integrity (GFI) is pleased to announce that former New York County District Attorney Robert Morgenthau has agreed to serve on the GFI Advisory Board. Mr. Morgenthau’s Advisory Board membership builds upon earlier collaborations with GFI on projects and efforts related to illicit financial practices, the most recent of which was a briefing last September on the national security risks inherent to growing diplomatic and financial ties between Iran and Venezuela.
April 16, 2010
GFI Director Raymond Baker discusses corruption and illicit financial flows from Africa with Mallam Nuhu Ribadu of the Center for Global Development and Rafael Marques de Morais. Princeton N. Lyman of the Council on Foreign Relations presides over this roundtable discussion.