Tag Archives | Illicit financial flows

Illicit Financial Flows from Africa: a complex political problem

11 February 2015 in Africa and Middle East, Asset recovery, Civil society, Cost of Corruption, Financial Integrity

Last month African heads of state meeting in Addis Ababa received and endorsed the report of the High Level Panel on Illicit Financial Flows from Africa, which outlined where corrupt money comes from, where it goes and what needs to be done to stop it so that citizens can enjoy the wealth their countries produce. […]

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Sub-Saharan Africa: corruption still hurts daily lives

3 December 2014 in Access to information, Accountability, Africa and Middle East, Aid, Anti-corruption movement, Civil society, Cost of Corruption, Human rights, Impunity, Measurement and Research, People power, Politics and government, Poverty and development, Private sector

Once again, the Corruption Perceptions Index results are not fundamentally different from previous years: the majority of African countries still have a score of less than 50 per cent, which in our view depicts a situation of endemic corruption. In a continent with high level of economic growth rates (compared to many parts of the […]

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Piketty: Diagnosing inequality and prescribing a dose of anti-corruption

25 August 2014 in Access to information, Financial Markets, Poverty and development, Private sector

It’s the blockbuster policy book of the year: Thomas Piketty’s weighty Capital in the 21st Century, a 600 plus-page analysis of the scale and perils of rising inequality. As Piketty argues, wealth and return on capital are growing faster than the overall economy and income from labour. Making matters worse, labour income is becoming increasingly […]

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OECD moves forward on tax transparency

25 February 2014 in Access to information, Accountability, Anti-corruption Conventions, Asset recovery, Civil society, Education, European Union, G20, Measurement and Research, Politics and government

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

11 June 2013 in Access to information, Accountability, Cost of Corruption

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

30 May 2013 in Financial Markets

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

19 December 2012 in Financial Markets, Poverty and development

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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