Category Archives: Illicit Capital Flows

Transparency alone fails to reveal corruption

  Good Governance Africa. A voluntary programme to promote greater transparency in oil, gas and mining may have entrenched devious ways of concealing bribes and other forms of corruption. Mark…

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From the Ground Up – Revenue Watch Institute Annual Report 2012

INTRODUCTION We are at the beginning of an era of new opportunities to address the challenges faced by countries rich in natural resources but in many cases fragile and poor,…

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Global Financial Integrity Report: Illicit Financial Flows from Africa: Hidden Resource for Development

Africa lost $854 billion in illicit financial outflows from 1970 through 2008, according to this new report from Global Financial Integrity (GFI).  Illicit Financial Flows from Africa: Hidden Resource for Development debuts new estimates…

The Economist Calls on U.S., U.K., Developed Countries to Clean Up their Own Back Yard

A 10-article exposé accompanied by a cover-page editorial in this week’s edition of The Economist highlights the damaging role of anonymous shell companies, banking secrecy, and lax money laundering regulations and enforcement in places like the…

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The Economist: The missing $20 trillion, How to stop companies and people dodging tax, in Delaware as well as Grand Cayman

CIVILISATION works only if those who enjoy its benefits are also prepared to pay their share of the costs. People and companies that avoid tax are therefore unpopular at the…