The UNCAC Coalition urges G20 leaders to take action against illicit financial flows

29 June 2010.

This past weekend in Toronto, G20 Leaders met again to discuss the global financial system and the world economy. The global financial crisis has shown most clearly that the stability of the global financial system is at stake. Huge amounts of money are being shifted and transferred, often through multiple borders and jurisdictions. Scores of member organisations from the UNCAC Coalition signed a statement “Call for G20 action to tackle illicit financial flows,” prior to the G20 summit in April of this year, to urge heads of state from the world’s leading economies to take responsibility.