Global Financial Integrity

 

Press

Tom Cardamone: President and Chief Executive Officer

Washington, DC– Tom Cardamone, with the recommendation of Raymond Baker and the unanimous approval of the Board of Directors, becomes President and Chief Executive Officer of Global Financial Integrity (GFI) with effect from May 1, 2019. Directors...

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Report Demonstrates Ease of Establishing Anonymous Shell Companies

Using data gleaned from state corporation formation agencies, a new report shows the scant amount of information required to establish an anonymous shell company in the United States.

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Illicit Financial Flows are Significant and Persistent Drag on Developing Country Economies

A new analysis of illicit financial flows (IFFs) due to trade misinvoicing in 148 developing countries demonstrates that trade-related IFFs appear to be both significant and persistent features of developing country trade with advanced economies.

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Global Financial Integrity Releases New Study on Trade Misinvoicing in South Africa

  South Africa Trade Misinvoicing Leads to Massive Revenue Losses   WASHINGTON, DC – Analysis of trade misinvoicing in South Africa from 2010 – 2014 shows that the potential average loss of revenue to the government was...

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Global Financial Integrity Releases New Study on Trade Misinvoicing in Nigeria

  Nigeria Trade Misinvoicing Leads to Significant Revenue Losses   Misinvoicing of Imports and Exports is 15 percent of all Trade Transactions   WASHINGTON, DC – Analysis of trade misinvoicing in Nigeria in 2014 shows that the...

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Global Financial Integrity Releases New Study on Trade Misinvoicing in Kenya

New Study Shows Kenya Trade Misinvoicing Leads to Significant Revenue Losses Misinvoicing of Imports and Exports Approaches 1/4 of all Trade Transactions WASHINGTON, DC – Analysis of trade misinvoicing in Kenya in 2013 shows that the potential loss...

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New Study Quantifies Value of Illegal Trade in Great Apes

Study looks at trade from West & Central Africa and Southeast Asia from Source to Buyer Dealers are the most important actors in the illicit supply chain WASHINGTON, DC – Criminal networks of poachers, suppliers, dealers, wholesalers,...

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New Anti-Money Laundering Bill Neglects Beneficial Ownership

The U.S. House of Representatives Committee on Financial Services has scheduled a Thursday markup on an anti-money laundering (AML) bill (HR 6068) stripped of beneficial ownership provisions necessary to address this widely-recognized and well-documented vulnerability in the U.S. AML regime.

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