Sudan loses billions of dollars in oil and gold trade related IFFs
Global Financial Integrity (GFI) has published a new study, Sudan and Trade Integrity, examining trade-related illicit financial flows (IFFs) in Sudan’s crude oil and gold sectors. The analysis by the Washington based non-profit that focuses on IFFs indicates potential revenue losses of US$5.7 billion in global trade.
Former US treasury official says public-private partnership is needed to address TBML
Global Financial Integrity (GFI) has published an opinion piece entitled Why a Public-Private Partnership is Urgently Needed to Combat Trade-Based Money Laundering. The Washington-based think tank that researches and lobbies against illicit financial flows (IFFs) says it was written by a former US Treasury official who…
Scale and scope of IFFs increasing due to coronavirus
The scale and scope of illicit financial flows (IFFs) could be increasing as authorities are distracted and overwhelmed by the coronavirus pandemic and its impacts according to Global Financial Integrity (GFI). The Washington-based think tank that focuses on IFFs says concerns are especially acute in…
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.
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Trade Based Financial Crime
Trade Based Financial Crime
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