Financial Transparency Coalition

Wednesday's Top Stories from Global Financial Integrity

Krishen Mehta, co-chair of Global Financial Integrity, wrote an Op-Ed in the Dallas Morning News this week.

The Financial Action Task Force, the global standard-setter in the fight against money laundering and terrorist financing, has revised the Recommendations after more than two years of efforts by member countries. The Recommendations are used by more than 180 governments to combat these crimes. The revisions, made with inputs from governments, the private sector, and civil society, provide authorities with a stronger framework toact against criminals and address new threats to the international financial system. The cost of money laundering and underlying serious crime is very large, estimated between 2 and 5% of global GDP. The revision will...

Tuesday's Top Stories from GFI