Using data gleaned from state corporation formation agencies, a new report shows the scant amount of information required to establish an anonymous shell company in the United States.
A new analysis of illicit financial flows (IFFs) due to trade misinvoicing in 148 developing countries demonstrates that trade-related IFFs appear to be both significant and persistent features of developing country trade with advanced economies.
South Africa Trade Misinvoicing Leads to Massive Revenue Losses WASHINGTON, DC – Analysis of trade misinvoicing in South Africa from 2010 – 2014 shows that the potential average loss of revenue to the government was...
Nigeria Trade Misinvoicing Leads to Significant Revenue Losses Misinvoicing of Imports and Exports is 15 percent of all Trade Transactions WASHINGTON, DC – Analysis of trade misinvoicing in Nigeria in 2014 shows that the...
New Study Shows Kenya Trade Misinvoicing Leads to Significant Revenue Losses Misinvoicing of Imports and Exports Approaches 1/4 of all Trade Transactions WASHINGTON, DC – Analysis of trade misinvoicing in Kenya in 2013 shows that the potential loss...
Study looks at trade from West & Central Africa and Southeast Asia from Source to Buyer Dealers are the most important actors in the illicit supply chain WASHINGTON, DC – Criminal networks of poachers, suppliers, dealers, wholesalers,...
The U.S. House of Representatives Committee on Financial Services has scheduled a Thursday markup on an anti-money laundering (AML) bill (HR 6068) stripped of beneficial ownership provisions necessary to address this widely-recognized and well-documented vulnerability in the U.S. AML regime.
H.R. 4519, the proposed repeal of Section 1504 of the Dodd-Frank Act, also known as the Cardin-Luger Anti-corruption law, Faces Mark-up Tomorrow
On December 11, 2017, Global Financial Integrity sent a letter to Chairman Jeb Hensarling and Ranking Member Maxine Waters of the House Financial Services Committee urging the Committee to vote “NO” on H.R. 4519, which would repeal a crucial bi-partisan anti-corruption law known from Section 1504 of the Dodd-Frank Act. Section 1504 helps the U.S. government combat corruption in the oil, gas and mining sectors globally.