Governments around the world must unite to tackle tax fraud, corruption, money laundering and tax engineering to fund the measures needed to respond to the pandemic, climate crisis and extreme poverty, said our Executive Director Magdalena Sepúlveda Carmona on behalf of the FACTI Panel, a group of UN experts, on the occasion of the launch of their report, this Thursday 25 February 2021 and as reported by leading worldwide media outlets such as EFE and CNN.

The FACTI Panel report notably suggests the creation of a Global Compact on Financial Integrity for Sustainable Development, a multi-stakeholder commitment to reform global finance and restore public funds

It issues 14 recommendations to reform, redesign and revitalize the global architecture, so it can effectively foster financial integrity for sustainable development.

It finds that strengthening coordination and global governance related to financial integrity is an essential component of the common agenda for the common future of present and coming generations.

Accountability, legitimacy, transparency, and fairness must form the foundation of the global financial system.

- FACTI Panel report

Read

• FACTI Panel press release End financial abuse to save people and the planet

• explore FACTI Panel’s report

• Download the full report

• Download the summary of the report

• Media coverage:

  • 2021-02-26 - CNN (USA) - Panel de la ONU pide a países frenar la corrupción para afrontar crisis por coronavirus - Iterview of Magdalena Sepúlveda Carmona, as a member of ICRICT and FACTI Panel.

  • 25 Feb 2021- EFE | Expertos de la ONU proponen medidas contra el fraude y la ingeniería fiscal (EFE is the world's leading Spanish-language news agency and the fourth largest in the world).

  • 2021-02-25 - Las 2 orillas (Colombia) - Así reaccionaron los miembros del ICRICT a la presentación del informe del grupo FACTI

  • 2021-02-25 - Swiss Info - Expertos de la ONU proponen medidas contra el fraude y la ingeniería fiscal (SWI swissinfo.ch is the international unit of the Swiss Broadcasting Corporation (SBC)).

Photo credit: Agencia EFE