Tag Archives: IMF

White Dragon Society, IMF, GCR, Heritage Bonds and Bank Trading Programs

10 Jan
White dragon society and bank trading programs

Over the past several years we have received requests from dozens of legitimate groups claiming to have imminent closings and requesting us to supply them with high level receiving bank accounts and trading programs. Not a single one has ever received any funds. • Chinese Bonds – The Beijing government has stopped redeeming these. They […]

IMF Executive Board Completes Second Review of Iraq’s Stand-By Arrangement and the 2017 Article IV Consultation

02 Aug
Fifty Dinars - Iraq and the IMF

The authorities are appropriately maintaining the peg of the Iraqi dinar to the U.S. dollar, which provides a key anchor to the economy. Measures to prevent money-laundering, counter the financing of terrorism, and strengthen the anti-corruption legislation need to be implemented. The authorities are implementing a sizable fiscal adjustment, mostly through retrenchment of inefficient capital […]

Global investment flowing through tax havens grows by $700bn

10 Feb
British Virgin Islands for Global Investments

The portion of global investment flowing through tax havens has risen by $700bn in two years, according to an analysis by ActionAid. The NGOs evaluation of data from the International Monetary Fund evidences a 5% increase in investment moving through tax havens between 2013 and 2015, from $11.8tn to $12.5tn. ActionAid said this growth was […]

World Bank and IMF: Where do they stand on progressive and responsible taxation?

09 Aug
World Bank Photo Collection

The IMF and the World Bank are increasingly engaged with the challenge of addressing how tax avoidance and evasion affect developing countries. However, their approach needs to go much further to address the role played by multinational enterprises and tax havens in exacerbating inequality and undermining countries’ domestic revenues. The World Bank and the IMF […]

Financial Piracy Suit Filed Against the Seychelles

03 Mar
Jolly Roger Pirate Grunge Flag - Financial Piracy

Complaint Alleges Over 100 Cases of Seychelles’ Seizure of Funds Without Justification, While Accepting IMF Loans and Help from The African Development Bank and Devastating the Nation’s Offshore Banking Industry Two Companies, Cooperhill Investments Limited and Kazou BV, recently filed a lawsuit in the United States District Court for the Southern District of New York […]