Financial Transparency Coalition

Global Financial Integrity (GFI), a Washington-based NGO and Coordinating Committee member of the FTC, has released a new report highlighting the drain that illicit financial flows have on countries in the developing world. But rather than look at the entire developing world, the report focused on five specific countries in east Africa: Uganda, Ghana, Mozambique, Kenya, and Tanzania. The report investigates trade mis-invoicing—the act of under or over-valuing goods so that a business can move money into our out of a country undetected—and estimates how much tax revenue these five countries...

Last week, Task Force and Global Financial Integrity Director Raymond Baker spoke at the Wilson Center in Washington DC, on the topic of Global Financial Integrity's new report, Russia: Illicit Financial Flows and the Role of the Underground Economy, and its implications for Russia's political and economic future. He also took questions from the audience.

Voice of America (VOA) has begun an investigation into global corruption, the first segment of which aired this week, featuring the work of Task Force members Global Financial Integrity and Transparency International.

Sometimes, it is easy to lose sight of the big picture when talking about illicit financial flows. We either spend time talking and reading about big numbers--the total amount of money flowing out of countries--or individual events, like the horrible things facilitated by HSBC. Today, Task Force and Global Financial Integrity Director Raymond Baker took a step back and discussed the big-picture implications of illicit financial flows, and what they do to a society, in the Huffington Post.