Illicit Finance

More from the Series

Blog Post
A New Standard for Country-by-Country Reporting on Tax?
Maya Forstater
February 19, 2019
The vexed question of whether country-by-country (CBC) reports on multinational companies’ tax affairs should be put into the public domain has been a sticking point in debates on responsible tax practice for years. 
Blog Post
The Response to De-Risking: Progress Made, Some Challenges Remain
October 01, 2018
In November 2015, CGD published a report titled Unintended Consequences of Anti–Money Laundering Policies for Poor Countries. Today we release a follow-up to that report. Policy Responses to De-risking: Progress Report on the CGD Working Group’s 2015 Recommendations takes stock of accomp...
REPORTS
Policy Responses to De-risking: Progress Report on the CGD Working Group’s 2015 Recommendations
Jim Woodsome et al.
October 01, 2018
In November 2015, CGD published the report Unintended Consequences of Anti–Money Laundering Policies for Poor Countries, which warned that efforts to curb illicit finance were producing significant adverse side effects. This new report takes stock of what has been accomplis...
Blog Post
The Proposed SDG Indicator on Illicit Financial Flows Risks Conflating Ordinary Business and Dirty Money
Maya Forstater
July 26, 2018
“Illicit financial flows” means dirty money crossing borders. It is an umbrella term which covers diverse actors including organised crime groups, business people making bribes, political leaders engaging in grand corruption, and major tax evaders hiding undeclared wealth. What they all ...
Blog Post
What Advice Would You Give to Penny Mordaunt on Combating Illicit Financial Flows?
Maya Forstater
May 14, 2018
London is one of the world’s premier destinations for kleptocrats and corrupt oligarchs seeking to launder ill-gotten gains into property, investments, private school fees and influence. There is no reliable estimate of the total value of laundered funds that impacts on the UK. However the&nbs...
Blog Post
The Mongolian Millions: What Can We Learn from the Making of a Multinational Tax Avoidance Scandal?
Maya Forstater
April 03, 2018
Earlier this year, The Centre for Research on Multinational Corporations (“SOMO”; a Dutch NGO) issued a report about an international mining company they said had avoided paying $232 million USD in taxes in Mongolia. The Oyu Tolgoi mine is considered a big deal in Mongolia and has been s...
Blog Post
Pinning Down Illicit Financial Flows: Why Definitions Matter
Maya Forstater
March 26, 2018
The SDGs include a target to “significantly reduce illicit financial and arms flows, strengthen the recovery and return of stolen assets and combat all forms of organised crime”. However, there is no globally agreed upon definition for “illicit financial flows.” My new C...