Bankers, lawyers and accountants who enable financial crime must face punitive sanctions says UN panel
Stronger laws and institutions are needed to prevent corruption and money laundering while bankers, lawyers and accountants who enable financial crime must face punitive sanctions says a UN panel. The High-Level Panel on International Financial Accountability, Transparency and Integrity for Achieving the 2030 Agenda (FACTI)…
Transparency International says FACTI should focus on three reforms to curb IFFs
Transparency International (TI) says it believes that the High Level Panel on International Financial Accountability, Transparency and Integrity for Achieving the 2030 Agenda (FACTI) would do well by prioritising three key reforms to address what it describes as the pernicious impact of illicit financial flows…
Papers published ahead of IFF-focused FACTI’s virtual consultation
The new High Level Panel on International Financial Accountability, Transparency and Integrity for Achieving the 2030 Agenda (FACTI) has held a virtual consultation with UN member states. The UN-established FACTI panel includes leading experts with a mandate to recommend institutional reforms that could help curb illicit financial…
Saudi Arabia calls for UN member states to cooperate to reduce IFFs
Saudi Arabia’s deputy permanent representative of to the UN, Khalid Bin Mohammed Manzalawi, says the country believes in the importance of cooperation to promote transparency between countries to reduce illicit financial flows (IFFs) and is encouraging various UN bodies to consider and find ways to…
GFI urges FACTI to focus on trade transactions
Global Financial Integrity is urging the recently established High-Level Panel on International Financial Accountability, Transparency and Integrity (Groupe de haut niveau sur la responsabilité, la transparence et l’Intégrité financières internationals – FACTI) to focus on the need for greater integrity in global trade transactions.
