Tag Archives | Illicit financial flows

OECD moves forward on tax transparency

Last September G20 leaders moved towards greater transparency to crack down on tax evasion. They promised a “new global standard” to increase the exchange of financial information between countries. Whereas today tax authorities have to chase information from others authorities if and when they suspect foul play, this new standard will require any jurisdiction signing […]

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G8: It’s time for action on money laundering

The UK Government has announced that transparency and anti-corruption will be key elements at the G8 summit this year. Much needed action on money laundering provides an opportunity to live up to that promise. Corrupt money flows through the UK – in particular through our financial services industry. Nobody knows how much, but it is […]

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Announcing the Financial Transparency Coalition

The Task Force on Financial Integrity and Economic Development has changed its name to the Financial Transparency Coalition. Porter McConnell, its new manager, explains why. When the Task Force on Financial Integrity and Economic Development was created in 2009, only a handful of experts were following the issue of illicit financial flows. The subject was […]

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New Report: Developing Countries Lost $5.86 Trillion from 2001-2010

Reposted from the blog of the Task Force for Financial Integrity & Economic Development. Task Force member Global Financial Integrity released their newest report on illicit financial flows from the developing world last night. The report found that $5.86 trillion left the developing world due to crime, corruption, and tax evasion from 2001-2010, $859 billion […]

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