An estimated US$1.6 trillion in potential trade misinvoicing among 134 developing countries has been identified in 2018 according to a new report published by Global Financial Integrity (GFI). Trade-related Illicit Financial Flows in 134 Developing Countries 2009-2018 says that of that US$1.6… Read More ›
The principal vulnerability to trade-based money laundering (TBML) in the Latin America and the Caribbean (LAC) region is that it is not well understood, even by financial crime experts according to Global Financial Integrity (GFI). For its latest survey, Financial… Read More ›
Trade-based money laundering (TBML) is one of four types of financial criminality examined in a comprehensive survey of 250 financial crime experts in Latin America and the Caribbean published by Global Financial Integrity (GFI). The Washington-based non-profit focused on illicit… Read More ›
Global Financial Integrity (GFI) has published an analysis of trade misinvoicing in Mexico and Colombia where individuals or entities falsify the quantity, price, and quality of goods to launder money, claim tax incentives, or evade taxes, duties and capital controls…. Read More ›
Yachts, private jets, horses, cars, jewellery, high-end watches and art are amongst the assets traded to enable kleptocrats, criminals, sanctions evaders and corrupt government officials to execute global money laundering schemes according to a new report published by Global Financial… Read More ›
Global Financial Integrity (GFI) has published a policy paper that provides five strategic recommendations the administration of new US President Biden and Congress could use to reform the treasury department’s Financial Crimes Enforcement Network (FinCEN) to better protect national security…. Read More ›
The exclusion of artisanal and small-scale miners from the financial system and Switzerland’s opaque banking laws are amongst the factors making Colombia’s gold sector vulnerable to illicit financial flows (IFFs) according to a new report published by Global Financial Integrity… Read More ›
Transparency International Kenya (TI-K), Global Financial Integrity (GFI) and Haki Yetu, a Kenyan NGO focused on human rights have broadcast three radio shows discussing the impact illicit financial flows (IFFs) have had on Kwale County in southern Kenya. The county… Read More ›