National Actions to Help Professional Services Ensure Financial System Integrity

Protecting the integrity of the financial system is essential to national security, democratic peace, development, and controlling corruption. Ensuring that rich-country financial systems do not continue to be the destination of choice for dictators and organized crime is an essential challenge for our time. Money from developing countries is illegally siphoned into wealthy countries where “enablers”—providers or professional services—facilitate money laundering through financial secrecy. This has the effect of lowering the taxPlacing transparency, accountability, and participation at the center of tax policy can ensure that burdens are distributed equitably across society. Technical specifications: Commitments related to c... base in developing countries, emboldening repressive regimes, and encouraging strategic corruption. In the worst such cases, it also facilitates international aggression.

Ensuring that gatekeepers of the global financial system do not become enablers of corruption is central to the objectives of the Summit for Democracy (S4D), which includes strengthening democracy and countering authoritarianism, fighting corruption, and promoting respect for human rightsAn essential part of open government includes protecting the sacred freedoms and rights of all citizens, including the most vulnerable groups, and holding those who violate human rights accountable. T.... This note seeks to inform members of the Financial TransparencyAccording to OGP’s Articles of Governance, transparency occurs when “government-held information (including on activities and decisions) is open, comprehensive, timely, freely available to the pub... More and Integrity Cohort on how they can take action to ensure that professional services support growth and integrity.