Global Financial Integrity

 

Netherlands Ministry of Foreign Affairs Joins Task Force

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Monique Perry Danziger, +1 202 293 0740 ext. 222

WASHINGTON, DC – The Netherlands Ministry of Foreign Affairs is the newest member to join the Task Force on Financial Integrity and Economic Development as a member of the Task Force Partnership Panel, Global Financial Integrity (GFI) announced today.

“GFI is delighted to welcome the Ministry to the Task Force Partnership Panel at this momentous and high-stakes time in global finance and development,” said GFI director Raymond Baker.  “We look forward to working with Frederik Haver Droeze, the deputy director of the Ministry’s Policy Coherence Unit.  Mr. Droeze has extensive experience working with multilateral affairs and will be a strong addition to the Task Force Panel.”

The Task Force is set to convene its next series of meetings September 16th-18th in Washington, D.C.

The Netherlands Ministry of Finance will join Task Force Partnership Panel members such as the governments of Norway, Chile, France, Germany, Denmark, and Spain.

Launched in January 2009, the Task Force is a unique global coalition of civil society organizations and more than 50 governments which advocates for greatly improved transparency and accountability in the global financial system.

The Task Force advocates five priorities in addressing the current global financial crisis, each one focusing on transparency and extending initiatives that have already begun to be put into place:

  • Curtailment of mispricing in trade imports and exports;
  • Country-by-country accounting of sales, profits, and taxes paid by multinational corporations;
  • Confirmation of beneficial ownership in all banking and securities accounts;
  • Automatic cross-border exchange of tax information on personal and business accounts;
  • Harmonization of predicate offenses under anti-money laundering laws across all Financial.

Visit  www.gfip.org  for more information about the Task force including the Task Force publication “Economic Transparency: Curtailing the Shadow Financial System” and a list of the full Task Force membership.

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The Task Force on Financial Integrity and Economic Development addresses inequalities in the global financial system that penalize billions of people, and advocates for improved transparency and accountability.