Criminals use different channels to conceal money gained from illegal activities, such as corruption, illegal logging, wildlife trafficking, smuggling and tax evasion. Not only do these activities generate...
Date: April 26, 2017
Type: Feature Story
Language: English
GABORONE, March 14, 2017—Botswana has just completed a National Anti-Money Laundering (AML) and Counter Financing of Terrorism (CFT) Risk Assessment. The National Risk Assessment (NRA) was supported by...
Date: March 14, 2017
Type: Feature Story
Language: English
Statement The World Bank has been asked frequently this week for its views on the draft law on Capital Liberalization and Fiscal Stimulation. International experience suggests that a thorough...
Date: December 21, 2016
Type: Press Release
Language: English
Asset declarations of public officials are a powerful tool to prevent corruption, detect illicit enrichment and conflicts of interests. According to the World Bank, more than 150 countries have introduced...
Date: September 26, 2016
Type: Opinion
Language: English
MOGADISHU, June 10, 2016 - The World Bank and the Federal Government of Somalia are working together to help support the flow of remittances to Somalia, to ensure they continue to reach people who depend...
Date: June 10, 2016
Type: Press Release
Language: English
WASHINGTON, November 20, 2015 - Two World Bank surveys confirm that large global banks are restricting or terminating relationships with other financial institutions and that banking services for money-transfer...
Date: November 20, 2015
Type: Press Release
Language: English
Illicit financial flows are a major enemy in our fight against poverty. The diversion of money from development priorities such as health and education is bad enough, in itself. But equally damaging...
Date: October 9, 2015
Type: Speeches and Transcripts
Language: English
Illicit financial flows are detrimental to sustainable development Illicit financial flows (IFFs) is a catch-all term for capital flight of money that is illegally earned, transferred or spent, and...
Date: October 13, 2014
Type: Feature Story
Language: English
Ransoms Total Over US$339 Million, Says new research Washington, November 1 — Between US$339 million and US$413 million was taken in ransom from the hijacking of ships off the coast of Somalia and...
Date: November 1, 2013
Type: Press Release
Language: English
Washington, March 20, 2012 – Every two seconds, an area of forest the size of a football field is clear-cut by illegal loggers around the globe. A new World Bank report released today shows...
Date: March 20, 2012
Type: Press Release
Language: English
Corruption and tax evasion are the main sources of ill-gotten money in developing countries In Malawi, income that is acquired through corruption amounts to about 5 percent of GDP, while tax evasion is...
Date: December 1, 2011
Type: Press Release
Language: English
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