In response to global trends and the recommendations of the Financial Action Task Force (FATF), the US Congress passed an overhaul of anti-money laundering (AML) laws in a New Year’s Day 2021 vote. The reforms include a beneficial ownership register and statutory recognition of the FinCEN Exchange. These are encouraging developments. The new AML laws… Read More
Photo Credit: Flickr In 2015, the world watched in horror as ISIS militants seized and then proceeded to destroy the ancient Syrian site of Palmyra. These cultural heritage crimes did not stop with the destruction of symbolic and historical structures. ISIS soon engaged in vast looting of antiquities, which helps line the group’s coffers. In… Read More
Writing on Medium, CIPE’s acting Executive Director Andrew Wilson asks: with technological change and trade deals making it easier than ever to enter the global marketplace, how can we ensure robust compliance with anti-corruption, labor, environmental, and corporate governance standards? Read the story on Medium and follow CIPE for more stories like this one.
Mutually beneficial exchange of goods and services is at the heart of David Ricardo’s comparative advantage argument and Adam Smith’s The Wealth of Nations. Over the centuries, such exchange through commerce has connected countries around the globe through a web of economic links and lifted millions out of poverty. In the modern era, international agreements… Read More
By Evelyn M. Suarez On November 27, 2014, the World Trade Organization (WTO) was finally able to overcome an impasse created by India in July which prevented implementation of the Trade Facilitation Agreement reached in Bali in December 7, 2013. As described by WTO Director General (DG) Azevedo, “the impasse related to the political link… Read More
The next year is shaping up to be a big one for multilateral free trade agreements and, by extension, efforts to fight corruption in international commerce. First, there is the historic Trade Facilitation Agreement (TFA) that grew out of the World Trade Organization (WTO) accord reached in December 2013 in Bali. Under the TFA, all… Read More