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Financial Action Task Force

Tax Evasion Watchdog: Crackdown Has Been 'A Revolution'

Reuters | Posted 09.24.2012 | Business

* Official queries $21-$32 trillion haven estimate * OECD has no "magic number" for offshore tax evasion * System too co...

Can G20 Summits Deliver Financial Reform?

Huguette Labelle | Posted 08.19.2012 | World
Huguette Labelle

If all G20 members denied corrupt officials entry to their country -- something that nine countries have already done according to the Anti-Corruption Working Group -- that would be a powerful disincentive to get caught with your hand in the public till.

Blow, Bling and Bucks: IMF Work Against Money Laundering and Terrorist Financing

Jody Myers | Posted 08.28.2011 | Business
Jody Myers

Drug traffickers, diamond smugglers, and terrorists' financiers around the world have one thing in common: they abuse the financial system to "clean" the proceeds they have obtained from their illegal work, or to transfer funds to achieve their destructive aims.

U.S. Banks Oppose Stricter Money Rules

Wall Street Journal | DEBORAH BALL AND CASSELL BRYAN-LOW | Posted 05.25.2011 | Business

Even as governments freeze assets tied to regimes in Libya, Egypt and Tunisia, U.S. banks are resisting efforts to tighten international rules to prev...