Free Trade Agreement EU, Colombia and Peru
Deregulation, illicit financial flows and money laundering
This report assesses how the EU-Colombia-Peru Free Trade Agreement deals with the liberalisation of financial services and capital movements, in the context of illegal financial flows between the signatory countries caused by money laundering, drug trafficking and tax avoidance or evasion. The report reveals that the FTA exposes the EU to increasing risks of money laundering and tax evasion, and undermines the EU policy to regulate the financial sector and capital flows. This report was commissioned following warnings by Global Financial Integrity. This organisation brought to light that illicit financial flows between the US and Mexico increased significantly after NAFTA (the North America Free Trade Agreement) had become operational.
Do you need more information?
-
Myriam Vander Stichele
Senior Researcher
Publication
Related content
-
Serious risks in Free Trade Agreement between EU, Colombia and PeruPosted in category:NewsPublished on: -
Myriam Vander StichelePosted in category:Publication
Myriam Vander Stichele -
Scaling up carbon markets means scaling up emissions and abusePosted in category:Long read
Joanna CabelloPublished on:
