iOS app Android app

Illicit Financial Flows

Maximize AGOA By Cutting Illicit Financial Flows

Shawna Bader-Blau | Posted 09.27.2016 | World
Shawna Bader-Blau

We call on leaders from both sides of the Atlantic to collaborate this week and work toward a future of greater transparency between companies and governments, and more accountability to workers and citizens by both business and government, particularly in the extractive sectors.

Ending corruption will help deliver on our development promises: the Sustainable Development Goals one year on

José Ugaz | Posted 09.23.2016 | World
José Ugaz

Millions of people around the world could be lifted out of their daily hardship and misery if the money lost to corruption was invested in sustainable...

Panama Papers Underscore Need for Fair Tax Systems

Sri Mulyani Indrawati | Posted 04.14.2016 | World
Sri Mulyani Indrawati

The so-called "Panama Papers" scandal reminds us that concealing wealth and avoiding tax payments is neither uncommon nor -- in many cases -- illegal. But the embarrassing leak exposes something else.

Illicit Financial Flows: Failure Is Not an Option

Bertrand Badre | Posted 07.24.2016 | Business
Bertrand Badre

Under the weight of great expectations and the glare of television cameras, delegates gathered last week for the Third International Conference on Fin...

Curbing Illicit Financial Flows: How to raise $770bn for African Development

Bjørn Lomborg | Posted 06.29.2015 | World
Bjørn Lomborg

Illicit financial flows are important enough to be included in the post-2015 Millennium Development goals now being debated by the international community.

Priorities for Romania: Strengthening the Rule of Law and Advancing Economic Freedom

Natasha Srdoc | Posted 06.12.2015 | World
Natasha Srdoc

In order to increase economic freedom for its citizens and enable them to achieve higher standards of living, Romania needs to continue its efforts to eradicate corruption and establish an independent and efficient judicial system.

Orders of Magnitude and the Human Cost of Illicit Financial Flows

Raymond Baker | Posted 02.06.2015 | Impact
Raymond Baker

All of us would like better data -- better financial flows data, better financial stock data, better health data. But, a lack of perfection in the data that we have cannot become an excuse for failing to accept the linkage between resources and survival.

Illicit Financial Flows: The Scourge of the Developing World

Raymond Baker | Posted 03.09.2013 | World
Raymond Baker

The West should do three things right away. First, we should eliminate anonymous shell corporations, so no criminal can hide nefarious actions behind an innocent-sounding Delaware LLC or Cayman Islands trust.

China: $4 Trillion in Dirty Money Should Worry Us All

Raymond Baker | Posted 12.26.2012 | Business
Raymond Baker

The world cannot afford to let China collapse into a pit of corruption and civil unrest. The result would be a disaster.

Outflows, Not Aid, Must Be Curtailed to Fight Poverty

Raymond Baker | Posted 03.12.2012 | World
Raymond Baker

A shadow financial system consisting of tax havens, secrecy jurisdictions and anonymous corporate vehicles makes it easy for corrupt dictators, terrorists, drug traffickers and tax evaders to quietly shepherd their funds out of the developing world and around the planet without notice.

The Rut in India's Economic Highway

Raymond Baker | Posted 05.25.2011 | World
Raymond Baker

As the Indian economy has improved, the amount of illicit money shifted to offshore financial centers has increased as well.

Financial Integrity Meets Human Rights

Raymond Baker | Posted 05.25.2011 | World
Raymond Baker

It is estimated that $1 trillion in illicit money leaves developing countries every year. This outflow reduces tax collection, cripples foreign aid, undermines free trade and worsens poverty for billions of people.