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Thursday’s Daily News Digest
September 30th, 2010
The Justice Department is refashioning its unit that prosecutes financial institutions for money laundering and claws back the proceeds of crime, to stanch the flow of money to violent Mexican drug cartels and impound the assets of kleptocrats around the world.
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What will they think of next?
September 29th, 2010
In all public safety efforts, officials must keep one step ahead of their criminal counterparts. The U.S. Military and Intelligence are constantly developing new strategies and weapons to respond to the ever-changing tactics of terrorists. Police forces worldwide persistently apply new technologies to solve crimes and catch criminals. It is the same for financial crimes and anti-money laundering (AML), in particular. In the past few years the Financial Action Task Force (FATF), an intergovernmental organization founded to combat money laundering and terrorist financing, has made progress in several countries worldwide. In the Philippines, for example, the country’s Congress...
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Norfund buy the Code of Conduct
September 29th, 2010
I presented the new report I have written for a range of NGOs entitled ‘Investment for Development: Derailed to Tax Havens’ in Bergen last evening. I did so sitting next to Kjell Roland, the Managing Director of NorFund – the Norwegian Development Finance Institution. Kjell said to the audience present he imagined that Norfund could sign up straight away to the Coe of Conduct I have proposed. I hope it does. I hope it leads the way in persuading others to do so.
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Governments are just not set up to invest in strategic thinking
September 29th, 2010
The above comment has just been made by a senior government official at the Task Force conference in Bergen. How right he is. And he followed up by saying that if the three premises of economics are wrong – there is imperfect information, high transaction costs and irrationality – then making clear what we’re saying combats these failures by reducing asymmetry of information is vital. And transparency he says is key – and reiterates a point I make often – this is because we will all be better off with it. But this requires a change in broader mindset which government won’t...
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RT @ICIJorg: Fantastic, detailed piece on the power of cross-border collaborative #journalism by ICIJ member @KristofClerix http://t.co/4IG…
- Friday Aug 28 - 3:31pm

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