VOA: How Committed is US to Africa? $55B Worth, White House Says
VOA quotes FACT Executive Director Ian Gary on the importance of supporting African states’ fight against illicit financial flows.
The U.S. Has an “Enabler” Problem- It’s Time for Congress to Turn Off the Spigot of Dirty Money
The Sentry’s report points to major ways the international community must act to deny kleptocrats the “brain trust” on which they rely to perpetrate their crimes. It’s up to the U.S. to be a leader, not a laggard, in implementing a robust anti-money laundering regime.
Strategic Collaborations: Addressing the U.S. Role as a Destination for Illicit Finances from Africa
To tackle global corruption, the U.S. must start by cleaning up its own house through the reforms discussed in this blog, as well as by working collaboratively with African nations, civil society actors, and professionals to properly stem the root causes and key loopholes that enable capital flight, illicit financial flows, and corrupt or criminal financial abuses.
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.
Addressing Capital Flight from Africa is a Global Task
Africa loses significantly more cash to capital flight than it obtains from development aid, external borrowing, or foreign direct investment. In a real sense, Africa is a “net creditor” to the rest of the world.
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.”