Global Financial Integrity

 

Global Financial Integrity Joins Addis Tax Initiative as Supporting Organization

The Addis Tax Initiative (ATI) this month invited Global Financial Integrity (GFI) as the first Supporting Organization to be added since the initiative was launched in July 2015. GFI joins the World Bank, the International Monetary Fund, and the Bill & Melinda Gates Foundation in this role.

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GFI Welcomes Brazil’s Nelson Barbosa to Advisory Board

Former Deputy Finance Minister Brings Wealth of Experience

WASHINGTON, DC – Global Financial Integrity (GFI) announced today that Nelson Barbosa, the former deputy finance minister of Brazil, has joined the organization’s Advisory Board. GFI, a research and advocacy organization based in Washington, DC, will benefit from Dr. Barbosa’s many years of experience working to curb tax haven secrecy and curtail illicit financial flows from the highest levels of government.

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US$401.6 Billion Flowed Illegally out of Brazil from 1960 to 2012, Finds New GFI Report

Fraudulent Misinvoicing of Trade Transactions Accounts for 92.7% of Brazil’s Illicit Outflows; Underground Economy Averaged 38.9% of Brazil’s Official GDP

Customs Enforcement, Transparency Measures, Political Will Seen as Key to Curbing Crime, Corruption, and Tax Evasion

Press Event to Be Held at JW Marriott Hotel Rio de Janeiro at 11am Local Time on Monday, September 8th, Day-Long Conference on Illicit Flows to Follow on Tuesday, September 9th

RIO DE JANEIRO, Brazil / WASHINGTON, DC – More than US$400 billion flowed illegally out of Brazil between 1960 and 2012— draining domestic resources, driving the underground economy, exacerbating inequality, and facilitating crime and corruption—according to a new report to be published Monday, September 8th at a press event in Rio de Janeiro by Global Financial Integrity (GFI), a Washington DC-based research and advocacy organization.

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Novo relatório da Global Financial Integrity (GFI) revela que US$ 401,6 bilhões deixaram o Brasil ilegalmente entre 1960 e 2012

O faturamento fraudulento de transações comerciais foi responsável por 92,7% dos fluxos financeiros ilícitos provenientes do Brasil para outros países; A economia subterrânea correspondeu, em média, a 38,9% do PIB oficial do Brasil

A fiscalização aduaneira, medidas de transparência e a vontade política são vistas como elementos essenciais para o combate à criminalidade, à corrupção e à evasão fiscal

Um evento de imprensa será realizado no Hotel JW Marriott Rio de Janeiro na segunda-feira, 8 de setembro, às 11:00 horas, seguido de uma Conferência de um dia sobre Fluxos Financeiros Ilícitos a se realizar na terça-feira, 9 de setembro

RIO DE JANEIRO, Brasil/WASHINGTON D.C. – Mais de US$ 400 bilhões deixaram o Brasil ilegalmente entre 1960 e 2012, drenando os recursos internos do país, estimulando a economia subterrânea, acentuando a desigualdade e facilitando a criminalidade e a corrupção, afirma um novo relatório a ser lançado na segunda-feira, 8 de setembro, em um evento de imprensa a se realizar no Rio de Janeiro sob os auspícios da Global Financial Integrity (GFI),uma organização de pesquisa e advocacy sediada em Washington.

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Financial Transparency: Moving Towards Systemic Solutions

Contributing to a Safer and More Secure World Demands That Financial Intelligence Units Work to Change the System from Within

GFI President Raymond Baker delivered the keynote address before the 22nd Plenary of the Egmont Group of Financial Intelligence Units in Lima, Peru.

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Ralph Lauren Allegedly Utilizes Trade Misinvoicing to Bribe Argentinean Customs Officials

Fraudulent Trade Misinvoicing Drained US$9.54 Billion in Illicit Money from Argentina from 2001-2010

Trade-Based Money Laundering Technique Siphoned US$4.69 Trillion from Poor Countries between 2001-2010; Facilitates Sex Slavery, Terrorism, Tax Evasion

WASHINGTON, DC – As the U.S. Department of Justice announced today that Ralph Lauren Corporation (Ralph Lauren) utilized fraudulent misinvoicing tactics to funnel bribes to Argentinean customs officials over the course of five years, Global Financial Integrity (GFI) noted that trade misinvoicing drained US$9.54 billion from the Argentinean economy between 2001 and 2010.  The deliberate misinvoicing of trade documents is used to launder all types of illicit money, and it costs the developing world roughly US$4.69 trillion in illicit financial outflows from 2001 through 2010, according research by GFI, a Washington, DC-based research and advocacy organization.

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Ahead of Anti-Corruption Day, GFI Reviews the Major Developments of 2012

WASHINGTON, DC – As the world observes International Anti-Corruption Day this Sunday, December 9, 2012, Global Financial Integrity highlighted some of the most notable achievements, developments, and short-comings in the fight against corruption over the past year.

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Regarding Walmex: GFI Research Shows Mexico Loses $50 Bln Annually to Money Laundering, Tax Evasion

WASHINGTON, DC – A letter published yesterday by two influential U.S. Congressmen suggests that Wal-Mart de Mexico (Walmex), the Mexican subsidiary of U.S. retailer Wal-Mart Stores Inc., which recently came under fire for possible violations of the Foreign Corrupt Practices Act, may have been engaged in money laundering and tax evasion in Mexico.

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