Tag Archives | Financial Action Task Force
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Why are three of the world’s richest countries doing so little to stop corruption?

18 October 2016 in Politics and government

One of the best-known data points in the anti-corruption field is the estimate from Global Financial Integrity that US$ 1.1 trillion in proceeds of corruption, crime and tax evasion are taken from developing countries every year and invested in Western banks, real estate, and luxury goods.  The volume of illicit financial flows is higher than […]

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HSBC, Panama: “Exit, stage right”

6 March 2013 in Americas, Private sector

The moral relativism that traditionally infects multinationals in hot, corrupt countries is going out of style.”  This is according to Jonathan Guthrie of the Financial Times, in discussing the decision of HSBC to close down its operations in Panama (Corruption Perceptions Index score in 2012: 38 out of 100).  The decision was  purportedly to increase […]

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Anti-money laundering: In pursuit of the hidden owners

21 January 2013 in Anti-corruption movement, Europe and Central Asia, Politics and government

This text was crossposted from Transparency Internarional EU’s blog. The author is Neil Clark. On 10 January, advocates from the Transparency International EU Office attended a presentation unveiling the results of Project BOWNET. Carried out with financial support from the Prevention of and Fight against Crime Programme of the European Union, the project aimed at understanding the feasibility of developing an intelligent system able […]

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Is the G20 serious about fighting corruption?

12 December 2012 in Financial Markets, G20, Politics and government, Private sector

In the past weeks we have witnessed a great deal of news surrounding issues of transparency and accountability of multinational companies. In the UK, several international corporations including Starbucks, Google, and Amazon, have been questioned in Parliament over the little corporation tax they pay despite their large UK accounts. Tax evasion is facilitated by the […]

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Who owns what? Trying to clean dirty money in the EU

17 April 2012 in Accountability, Africa and Middle East, Europe and Central Asia, European Union, Private sector

How do you fancy owning two Bugatti Veyrons, the fastest and priciest street car in the world, with a top speed of 250mph and a cost of €1m a pop? Or how about splashing out €18m on art formally owned by French fashion designer Yves Saint Laurent? How about affording all of this on your […]

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