Menu

More News

TI Releases 2009 Corruption Perceptions Index
November 17th, 2009
Task Force member Transparency International (TI) released its 2009 Corruption Perceptions Index (CPI) today. The CPI, released annually since 1995, aims to quantify corruption by measuring the perceived level of public-sector corruption over 180 jurisdictions worldwide. TI released the following press statement introducing their 2009 index: As the world economy begins to register a tentative recovery and some nations continue to wrestle with ongoing conflict and insecurity, it is clear that no region of the world is immune to the perils of corruption, according to Transparency International’s 2009 Corruption Perceptions Index (CPI), a measure of domestic, public sector...
Continue Reading
Raymond Baker and Eva Joly in the NY Review of Books
November 16th, 2009
GFI Director Raymond Baker and GFI Advisor Eva Joly have cowritten an essay on illicit financial flows which appears in the current edition of the New York Review of Books. From the essay:

On May 4, the Obama administration announced a plan to crack down on offshore tax havens, which it said are costing the United States tens of billions of dollars each year. The President's proposals were primarily aimed at finding ways to increase revenue from wealthy companies and investors who use loopholes in the law and offshore subsidiaries to reduce their US...

Continue Reading
Monday’s News Clips
November 16th, 2009

Illicit Money: Can It Be Stopped? By Eva Joly, Raymond Baker New York Review of Books, December 3, 2009

UBS set for 'very small' disclosure in US tax case AFP, November 14, 2009

UBS Criteria Release May Unveil Model for IRS Crusade Bloomberg, November 16, 2009

ATO eyes corporate tax havens Herald Sun, November 16, 2009

Report: Swiss banks eye tax pledge for foreigners Associated Press, November 16, 2009

French bill aims to steer investors away from tax havens AFP, November 16, 2009

G-20 Stamps Out Tax Havens Forbes, November 16, 2009 Continue Reading

All’s Peachy in Singapore
November 13th, 2009
Today, Singapore signed its 12th Tax Information Exchange Agreement (TIEA), and thus the jurisdiction is added to the OECD white list. Well that takes care of it! No longer will Singapore be a place to hide money (read sarcasm). Okay, I'm being harsh; to be fair, Singapore knows that it's not fixed yet and will thus turn itself into a fully tax-compliant, transparent jurisdiction by today signing another TIEA with the financial powerhouse of Brunei (read more sarcasm). In reality, Singapore - ranked 8th most secretive in the Financial Secrecy Index - still is and will...
Continue Reading
Follow @FinTrCo

We are a pioneering global network of organizations working on illicit financial flows. We use our wide reach and expertise to influence global norms and standards for financial transparency, and close loopholes in the global financial system. We seek to curtail illicit financial flows through the promotion of a transparent, accountable and sustainable financial system that works for everyone.