Financial Transparency Coalition

The Task Force on Financial Integrity and Economic Development is spearheading an initiative to band together a group of Allied Organizations based primarily in countries most severely affected by illicit financial flows (IFFs). Each year poor countries receive some $100 billion in Official Development Assistance (ODA). At the same time, close to $1 trillion in illicit money exits those very same economies. Funds that could otherwise be captured for community, social, and economic development are misappropriated and funneled from poor countries into developed country banks. This massive outflow of capital, which fuels systems of crime and corruption,...