Media Advisory: Tackling the Shadow Financial System: A Working Plan for the G20

September 19th, 2011

Media Advisory

En français

Tackling the Shadow Financial System: A Working Plan for the G20

2011 Annual Conference of the Task Force on Financial Integrity and Economic Development

When: Oct 6-7, 2011
Cercle National des Armées
Paris, France

PARIS – The 2011 annual conference of the Task Force on Financial Integrity and Economic Development will take place at the Cercle National des Armées in Paris, France from October 6-7.

Speakers and panelists at this year’s conference will address the implications of and solutions to the shadow financial system, including: country-by-country reporting, beneficial ownership of accounts, automatic exchange of tax information, curtailment of trade mispricing, and tax evasion as a predicate offense for anti-money laundering. Breakout sessions will focus on the 2011 Financial Secrecy Index, illicit trafficking, socially responsible investing, media messaging, the “Arab Spring,” and more. Together, speakers and participants will craft a message to the G20 member governments ahead of the November 2011 French summit on how they can address the global ills that result from illicit financial flows.

With Special Presentations by (but not limited to):

Jeffrey D. Sachs
The Earth Institute

Jon Lomøy
Organization for Economic Cooperation and Development

Abdalla Hamdok
United Nations Economic Commission for Africa

Christian Masset
French Ministry of Foreign and European Affairs

Sanjay Mishra
Indian Ministry of Finance

Illicit financial outflows from developing countries—the proceeds of crime, corruption, and tax evasion—total approximately $1.3 trillion per year. These outflows undermine economic development efforts and sustain corrupt and criminal elements in the developing world. With links to such historic events as the “Arab Spring” and the 2008 global financial crisis, efforts to understand and curtail these illicit flows are crucial to the G20’s efforts to foster global economic growth, tackle corruption, and strengthen financial mechanisms to prevent further economic shocks.

To learn more about attending the conference or to obtain additional information on specific panels, speakers, and conference materials, contact Monique Perry Danziger:, +1 202 904 3113.



Monique Perry Danziger

+1 202 904 3113


The Task Force on Financial Integrity and Economic Development addresses inequalities in the global financial system that penalize billions of people, and advocates for improved transparency and accountability.

For additional information please visit

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