Illicit Finance

More from the Series

Blog Post
Global Efforts to Combat Financial Exclusion Forge Ahead
November 04, 2016
In November 2015, CGD published a report on the unintended consequences of anti-money laundering policies for poor countries, focusing on three groups: migrant workers who send remittances to their families, vulnerable people who are displaced by conflict or natural disasters and are in ne...
Blog Post
Financial Stability Board Acts to Assess the Decline in Cross-Border Banking
September 07, 2016
Last November, a CGD working group of experts convened to address the unintended consequences of anti-money laundering (AML) policies for poor countries, where they recommended that the Financial Stability Board (FSB) should take the lead on addressing problematic de-risking...
Blog Post
Please Avoid Unintended Consequences When Designing New Anti-Money Laundering Policies
August 26, 2016
A recent flurry of legislative activity has seen the introduction of four bills that aim to crack down on the financing of terrorism. While it is very important to combat money laundering and the financing of terror, the actions can result in unintended negative consequences for poor count...
Blog Post
Destination Havana: Getting Investment Flowing Might Be Tougher Than You Think
March 15, 2016
Lifting the trade and investment embargo on Cuba is a laudable policy objective that would allow Cubans better access to American goods and services. It might also give American businesses a boost, including from places that could do with one, like rural Louisiana. Changing the law&nb...
Blog Post
Malawi Can’t Afford Evidence-Free Tax Campaigns
Maya Forstater
and
February 12, 2016
Over the past couple of weeks Malawi has become the latest poster child for UK campaigns arguing that changes to the international tax system can deliver outsize returns for development. Specifically, Action Aid is calling on the UK government to renegotiate a 60-year-old tax treaty. Questions were ...
Multimedia
Percentage of Remittance Companies Reporting At Least One Bank Account Closure
December 02, 2015
Percentage of remittance companies reporting at least one bank account closure
Blog Post
Two World Bank Surveys Provide (Imperfect) Evidence that De-risking Might Be Hurting Developing Countries
December 02, 2015
The World Bank recently released the results of two separate surveys aimed at gauging the extent to which de-risking is a problem. The headline result is that banks around the world are closing accounts of money transfer organizations (MTOs) and are severing links with banks in other count...