[wptab name=’Overview’] Baca Ringkasan Eksekutif dalam Bahasa In a comprehensive study on the level of trade misinvoicing in Indonesia in 2016, GFI found that the estimated potential tax revenue losses to the Indonesian government that year is...
June 20, 2019
By Ben Iorio With the rise of Bitcoin and cryptocurrency, the norms for currency have changed. Cryptocurrencies allow transactions to take place with a currency not regulated by any country. In essence, cryptocurrencies are currencies existing completely...
[wptab name=’Overview’] In a comprehensive study on the level of trade misinvoicing in India in 2016, GFI found that the estimated potential tax revenue losses to the Indian Government that year is US$13.0 billion, equivalent to 5.5...
Raymond Baker is the Founding President of Global Financial Integrity and the author of Capitalism’s Achilles Heel: Dirty Money and How to Renew the Free-Market System, published by John Wiley & Sons and cited by the Financial...
Trade Misinvoicing Risk Assessment What is it? GFTrade is a proprietary risk assessment application that enables customs officials and financial institutions to determine if goods are priced outside typical ranges for comparable products by providing officials with...
Thousands of great apes are killed each year to fill the demand for pets and attractions, bushmeat, and ceremonial body parts, generating significant revenue for those who make up the illicit supply chains.
By Channing Mavrellis, April 26, 2017
In the illegal wildlife trade, like all transnational crime, the majority of participants are involved for financial gain. Retailers generally face little enforcement risk while realizing strong profits, as the value of a particular commodity, be it a wild African grey parrot or grams of bear bile, increases dramatically as it makes its way from source to market country.
Global Financial Integrity (GFI), the Centre for Applied Research at the Norwegian School of Economics and a team of global experts have released a study showing that since 1980 developing countries lost US$16.3 trillion dollars through broad leakages in the balance of payments, trade misinvoicing, and recorded financial transfers. These resources represent immense social costs that have been borne by the citizens of developing countries around the globe. Funding for the report was provided by the Research Council of Norway, and research assistance was provided by economists in Brazil, India, and Nigeria.