Curbing Illicit Finance Through Tax Transparency
According to the State of Tax Justice Report of 2021, countries are losing a total of US$ 483 billion in tax annually to global tax abuse committed by Multinational Corporations (MNCs) and wealthy individuals. This amount would be sufficient to vaccinate the global population against CovId-19, three times over! Of the US$ 483 billion lost annually, US$ 312 […]
Co-operation among players will win financial crimes war
Financial institutions are the first line of defense in the fight against money laundering and terrorist financing but beyond this, there are other duty bearers who supervise and enforce implementation of related regulations. Clearly, lenders were not out of the woods. It took serious negotiations and pleas for leniency to defer their prosecution and their […]
