Global Financial Integrity Sends Letter of Support on H.Amdt.1
In an endorsement letter to Representatives Pelosi and McCarthy, Global Financial Integrity (GFI) calls for actions to include H.Amdt.1 in the National Defense Authorization Act.
Global Financial Integrity Sends Letter Supporting the Anti-Money Laundering Act of 2020 (S.Amdt.2198 to S.4049)
Global Financial Integrity, a founding institutional member of the FACT Coalition, has sent a letter of support to Senate Leadership backing the Anti-Money Laundering Act of 2020 (S.Amdt.2198 to S.4049) in its upcoming vote this week. Research from GFI has shown that anonymous companies are a critical component of facilitating transnational crime, including human, drugs, wildlife and arms trafficking and terrorist and rogue-state financing.
Effective Coronavirus Response Demands an End to Financial Secrecy
Corruption thrives in crisis. As the nation rushes to stop the bleeding of the COVID-19 pandemic, new opportunities arise for bad actors—common criminals, corrupt officials, U.S. adversaries, and authoritarian regimes—to exploit gaps in the U.S. financial system for their own gain. Congress must spend the coming weeks not only readying the next economic response to COVID-19 but also tackling the long-standing vulnerability of U.S. financial secrecy, to keep the trajectory of the national and global recovery on course.
Former Treasury Special Agent Discusses New Book on Illicit Financial Flows
Outside of crimes of passion—for example, murder committed in a jealous rage—criminals, criminal organizations, kleptocrats, and some businesses and corporations are motivated by greed. In today’s increasingly interconnected world, the criminal manifestations of unchecked avarice impact all of us: politically, socially, economically, and culturally. Transnational crime affects our individual and collective security.
Unaccountable: The Role of Accountancy Firms in International Financial Scandals
The revelatory Luanda Leaks by the International Consortium of Investigative Journalists (ICIJ) and 35 partner organizations exposed the critical role financial service providers – frequently Western – play in facilitating massive international financial scandals.
Remarks by Clark Gascoigne, FACT’s Interim Executive Director, at U.S. Launch of 2020 Financial Secrecy Index
Clark Gascoigne, the interim executive director of the FACT Coalition, spoke at the U.S. launch of the 2020 Financial Secrecy Index on February 19, 2020.