DC Forum

Strengthening Democracy, Renewing Capitalism
A new project from @IllicitFlows focusing on financial secrecy

[Global Financial Integrity @IllicitFlows]

Join us on Zoom for the @FinSecrecy Conference!

Full agenda & registration link: https://t.co/vPvQtA8Kz9

[Global Financial Integrity @IllicitFlows]

#Swiss govt to track corporate ownership in bid to curb money laundering.

-Reuters

https://t.co/vOienNRtkD

[DC Forum @FinSecrecy]

"As illicit trade is rising, governments and affected industries are looking to combat the trend. One possible way is to pursue money laundering crimes more strictly so that criminals have fewer options to use the proceeds from their activities." @EURACTIV https://t.co/HXb7V8G3sx

[DC Forum @FinSecrecy]

"The U.S. charges focused on 10 individuals who were accused of establishing and using more than 70 front companies, money service businesses and exchange houses that often used similar names such as “Persepolis” and “Rosco,” prosecutors said at the time." https://t.co/55sHc0RSqd

[DC Forum @FinSecrecy]

"She noted the prevalence of Free Trade Zones and Special Economic Zones, which can cause a myriad of issues as it relates to the entry of illegal guns and ammunition, if left unchecked and unsupervised." https://t.co/rW7jywNvP9

[DC Forum @FinSecrecy]

"Illegal logging is part of a vicious cycle of opaque governance, exploitation, and insecurity that privileges the profit-seeking of select state officials and foreign actors." https://t.co/5iWEblBGW4 via @defenceweb_afr

[DC Forum @FinSecrecy]

#Goldenpassports put the entire EU at risk. Holding Malta to account is important, but the @EU_Commission must enact comprehensive regulation to stop corrupt abuse. - https://t.co/sXtK7Xb4ie via @anticorruption

[DC Forum @FinSecrecy]

"Hernandez is alleged to have laundered the money through a complex system of shell companies"
https://t.co/cOHxOnVLWG

[DC Forum @FinSecrecy]

"The Colón Free Trade Zone (CFTZ) in Panama — the largest FTZ in the Western Hemisphere — has been publicly accused by the U.S. government of being among 'the world’s most significant drug money launderers and criminal facilitators.'" https://t.co/aAzFjR8Yh4

[DC Forum @FinSecrecy]

“Since 2007, whistleblowers have helped the service recover $6.39 billion from wealthy and corporate tax cheats.” https://t.co/xn0lmLLLpq via @HuffPostPol

[DC Forum @FinSecrecy]

"Turkey’s citizenship-by-investment scheme has been fuelled by a wave of Russians who fled their country after the invasion of Ukraine and are looking for ways to establish new businesses and lives." https://t.co/Ws0r1FaJUQ

[DC Forum @FinSecrecy]

"Current U.S. policy lacks adequate regulations dictating who is able to gain access to the U.S. financial system through non-bank commercial service providers, such as accountants, lawyers, investment advisers, and corporate and trust formation agents." https://t.co/OEUo7zuzay

[DC Forum @FinSecrecy]

"If a commodity is being transferred between ships on the high seas in violation of international law, it takes the cooperation of a number of states to react: the flag state of the vessel; the state who suspects this illicit activity is taking place..."
https://t.co/j6ZEjQiB1U

[DC Forum @FinSecrecy]

Two financial secrecy tools combined equals a huge potential for illicit activity https://t.co/dZBMYW91Qy

[DC Forum @FinSecrecy]

"Canadian individuals and corporations have $23 billion in declared, known funds held in or invested through the Bahamas — more than France, Spain and Portugal combined." https://t.co/mvjzD2g0Dx

[DC Forum @FinSecrecy]

"But many of his clients, he believed, would not “want to have their assets in a place they couldn’t find on a map.” What if, Blattmachr thought, the offshore came onshore?" https://t.co/jWmjJaL28B via @MotherJones

[Global Financial Integrity @IllicitFlows]

Extortion in the Northern Triangle of Central America: Following the Money.

-@JYansura
Full report: https://t.co/XVWwlAUfen

[Global Financial Integrity @IllicitFlows]

#GFIWeeklyGraphic

The US uses Geographic Targeting Orders, or GTOs, to help fight real estate money laundering. Unfortunately these temporary measures do not cover the extent of money laundering. 60% of cases GFI analyzed featured real estate not covered by a GTO.

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[DC Forum @FinSecrecy]

ICYMI: Watch a recording of last week's DC Forum webinar on the role of the media in financial transparency https://t.co/uhTaCOyDLc

[DC Forum @FinSecrecy]

The Pandora Papers are a year old, but has anything in the financial secrecy system changed? https://t.co/dZ8sKx111H via @ICIJorg