Liechtenstein Scandal Points to Need for Improved Global Safeguards to Stem Illicit Financial Flows, Says Global Financial Integrity
WASHINGTON, DC – Global Financial Integrity (GFI) urges the Organization for Economic Cooperation and Development (OECD) and the Financial Action Task Force (FATF) to implement new safeguards that will greatly improve transparency and cooperation in the global financial system. New policies to further restrict terrorist groups from transferring and hiding funds, to create a level playing field for all taxpayers and to curtail the flow of all forms of illicit capital are critical to the future integrity of the financial system.
WASHINGTON, DC – Global Financial Integrity applauds German Chancellor Angela Merkel and her administration for leading a historic push for greater cooperation and transparency in international tax matters.
WASHINGTON, DC – Global Financial Integrity applauds efforts by German Chancellor Angela Merkel and her administration to push for greater cooperation and transparency in international tax matters.
WASHINGTON, DC – Global Financial Integrity (GFI) welcomes John Heimann as the newest member of its advisory board.
“John Heimann brings considerable experience and expertise to our advisory board,” Said GFI Director Raymond Baker. “We are very excited to have him with us as we embark on a variety of critical illicit finance projects.”
WASHINGTON, DC – Global Financial Integrity (GFI) advisory board member Ngozi Okonjo-Iweala will join senior officials from the 140 States that are Parties to the United Nations Convention against Corruption (UNCAC) at the second conference of parties in Bali, Indonesia, from January 28th to February 1st 2008.
On Fourth Annual International Anti-Corruption Day, Global Financial Integrity Urges Legislative, Executive Action to Combat Corruption
WASHINGTON, DC – Today, as countries around the world observe International Anti-Corruption Day, Washington, DC-based research and advocacy organization Global Financial Integrity (GFI) calls upon the President and Congress to take a critical step against corrupt government officials by mandating that corruption be among the criteria used in compiling the annual State Department Country Report on Human Rights.
I want to talk about two things this morning. One, the international structure that supports the flow of illicit money across borders, and two the harmful impact these illicit flows have on economic growth and poverty alleviation in poorer countries.
To begin, let’s get a simple picture of global poverty and inequality fixed in our minds.
Convened by the Government of Norway
Remarks by Raymond W. Baker
Secretary Stenhammer, Ambassador Lovald, Eva Joly, David Spencer, ladies, and gentlemen. Thank you very much for convening this opportunity to discuss cross-border illicit financial flows and their impact on development.
2007 marks the 46th year of my involvement in the developing countries. I lived 15 years in Nigeria and over more than 30 additional years have now done business or research in some 60 developing and transitional economies. Across these years I have become a critic of corruption and poor governance and weak institutions in many countries. Having said this, I have become an even stronger critic of our—the West’s—facilitating role in corruption, poor governance, and weak institutions in many poorer countries. This has been the driving force of my interest for years.