Illicit Financial Flows

June 22 Book Launch: “Butler(s) to the World” – Ending Dirty Money in the UK and US

On the occasion of the U.S. publication of investigative journalist Oliver Bullough’s latest book, Butler to the World: How Britain Helps the World’s Worst People Launder Money, Commit Crimes, and Get Away with Anything, the author joined the Financial Accountability and Corporate Transparency (FACT) Coalition, alongside legislators and advocates from the U.S. and U.K., to discuss the problems caused by dirty money in the U.K. and U.S. and how to foster transatlantic competition to crack down on dirty money in both jurisdictions.

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Following Illicit Financial Flows from Africa to the U.S.

As a reporter in Uganda, I often saw how access to quality health care and education was limited because of low government revenues and budget allocations. While Uganda and other African countries are certainly recipients of foreign aid from the West, and generate their own tax revenues, it is also clear that illicit financial flows are bleeding out of the African continent, enabled in part by the policies of the West. We now need new partnerships with Africa to “stop the bleeding.”

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Financial Secrecy Feeds Kleptocracy and Environmental Destruction. Now is the Time for the U.S. and the World to Act on Beneficial Ownership Reform

Operating in financial secrecy, bad actors are free to profit from environmental degradation, and in doing so undermine the global fight against climate change. As global leaders make new commitments this week at COP26, it’s time that politicians promise to shine a light on global financial secrecy, particularly the use of anonymous shell companies, as a crucial climate reform.

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