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July 13, 2015 Latest GFI Blogs
Top News Clips GFI in the News Global Financial Integrity (Press Release), July 13, 2015 Global Financial Integrity (GFI) is pleased to announce the launch of a new program that seeks to assist developing Funded by a year-long US$1.7 million grant from the Norwegian Ministry of Foreign Affairs, GFI will IMF Tells U.S. To Move Faster on Identifying Beneficial Owners The Wall Street Journal (Blog), July 10, 2015 By Samuel Rubenfeld Heather Lowe, general counsel and director of government affairs at Global Financial Integrity, a Washington, D.C.-based research and advocacy group, said: How Illicit Financial Flows Cramp Development in Nigeria Fitila (Nigeria), July 10, 2015 By Abiola Afolabi Illicit financial flows are simply money that is illegally earned, transferred or utilized. This money is smuggled or disguised out of the country of origin through tax evasion, trade Misinvoicing, and Report by the Global Financial Integrity suggests Position Statement on Financing for Development Conference Policy Forum Working Group & Tanzania Tax Justice Coalition (Tanzania), July 10, 2015 In February 2015 President Kikwete adopted the African Union High Level Panel (HLP) report on Illicit Financial Flows from Africa. Among the various commitments are robust regulations, increased resources, The budget proposal for 2015/2016 does not take into account the revenue losses that are caused by various factors such as illicit capital flight as well as tax evasion and avoidance. For example Global Financing for Development Billions to Trillions: Ideas in Action The World Bank, July 13, 2015 Speech Given by World Bank Group President Jim Yong Kim I’d like to extend a warm welcome to our partners from the UN, the multilateral development banks, the private sector, and to the broader development community. I’m very pleased you’ve joined us today With the end of the Millennium Development Goals and the introduction of the Sustainable Development Goals comes an opportunity to make important changes in how we approach development. We’ll meet at UN chief hails key role of civil society in financing future United Nations (UN) Press Centre, July 12, 2015 As Member States press on with efforts to reach agreement on a plan to secure the necessary financing for sustainable development, United Nations Secretary-General Ban Ki-moon today told civil society “Now, more than ever, the world needs your advocacy, expertise, and ingenuity,” Mr. Ban told the Global Civil Society Forum, held in the Ethiopian capital from 11 to 12 July. “You are the voice of the World Health Organization (WHO) Media Centre, July 10, 2015 WHO is urging countries to move towards universal health coverage and to scale up international investment in catalytic development funding. The call comes as world leaders travel to the Third UN Financing “The best way to assure meaningful progress towards the new global health goal is for countries to move closer to universal health coverage,” says Dr Margaret Chan, WHO Director-General. Poor Nations Push for UN Body to Cut Company Tax Avoidance Bloomberg Business, July 13, 2015 By William Davidson Developing nations and advocacy groups at a United Nations conference in Ethiopia are pushing for a new global body to tackle tax avoidance by companies, a move opposed by richer nations. Responsibility for tax standards should be moved to the UN from the Organization for Economic Co-operation and Development, a group of 34 rich countries, according to a position paper endorsed by 142 Tax Evasion and Avoidance Romanian PM charged with tax evasion and money laundering Reuters, July 13, 2015 By Radu-Sorin Marinas Romanian Prime Minister Victor Ponta was charged on Monday with forgery and serving as an accessory to tax evasion and money laundering, further tarnishing the image of the ex-communist state as it struggles Prosecutors said they had named the 42-year-old prime minister as a defendant in a five-week long criminal investigation, and temporarily seized control of his property. He denies wrongdoing and says Money Laundering Italian money laundering reports hit an all-time high Fortune, July 13, 2015 Organized crime, corruption, and tax evasion exacerbated by economic slump Reports of suspicious bank transactions in Italy jumped 10 percent to a record high last year as the pervasive problems of organized crime, corruption and tax evasion were exacerbated by a three-year The financial downturn had given cash-rich mafia groups the opportunity to tighten their grip on the economy as, with banks reducing lending, the criminal networks boosted their investments in the real |
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