Financial Transparency Coalition

ISTANBUL – State Secretary Ingrid Fiskaa spoke at the Fourth UN Conference on the LDCs, identifying illicit financial flows due to trade mispricing, tax evasion, trafficking, the drugs and arms trade, and corruption as one of the structural causes of poverty as well as one of the major threats facing sustainable development, along with climate change, armed conflicts, and a lack of political and economic empowerment for women and girls.

WASHINGTON, DC – The Task Force on Financial Integrity and Economic Development (Task Force) welcomed India’s announcement Thursday that it had ratified the United Nations Convention Against Corruption (UNCAC). Building upon India becoming a member of the Task Force in January of this year, the ratification comes as part of a broader effort by India’s government to tackle corruption and stem the flow of illicit capital flight estimated at approximately $19 billion per year.

ISTANBUL, Turkey – A United Nations Development Program (UNDP) commissioned report from Global Financial Integrity (GFI) on illicit financial flows from Least Developed Countries (LDCs) was presented for discussion yesterday at the United Nations IV Conference on Least Developed Countries hosted by the Republic of Turkey.

Since his election Russian President Dmitry Medvedev has been talking about corruption. The subject has had prominence in many of his speeches since his campaign in 2008. In September of 2009 he announced a major reform program aiming to tackle rampant corruption in his country, although he didn’t actually detail what the reform program would include. Medvedev has also repeatedly vowed to tackle corruption in the court systems, stating that Russia should do its best to “make the courts become as much as possible independent from the authorities and at the same time to absolutely depend on...