Financial Transparency Coalition

In this video, the United Nations Office on Drugs and Crime follows individual Euro bills as they are used illicitly, ultimately showing the annual $870 billion proceeds from criminal networks. The filmed transactions highlight profits by counterfeiting, illicit drug trafficking, human trafficking, and trading illegal arms.  The UNODC also captures the impact of this underground

Friday's Top News Stories from Global Financial Integrity.

Tax justice one step closer Norwegian Church Aid, July 5, 2012 HSBC to face US lawmakers over money laundering charges International Business Times (UK), July 12, 2012 Tax Avoider in Chief? The New York Times (Op-Ed), July 11, 2012 France, Germany tax evasion inquiries target Swiss bank clients Los Angeles Times, July 11, 2012 Tackling

Remember the scene in Office Space when Peter, Michael, and Samir accidentally steal $300,000? They realize they can’t give it back without admitting they stole it in the first place, so they think the only way out is to keep the cash and launder the funds. But three law abiding guys don’t really know how to launder money,, so they try looking up “money laundering” in the dictionary, hoping for a clue of how to do it. They don’t find an answer and give up on the idea. Bu then again, the dictionary doesn’t exactly give you a step by...