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De-risking’ refers to financial institutions closing the accounts of clients perceived as high risk for money laundering or terrorist financing abuse, namely money service businesses, non-profit organizations, correspondent banks and foreign embassies. This report explores the linkages between bank de-risking and the ascendance of the risk-based approach to anti-money laundering and countering the financing of terrorism (AML/CFT). 

The US Department of Agriculture (USDA) released its crop figures toda

Food prices will remain high and volatile for at least another decade driving hunger and malnutrition according to the Agriculture Outlook Report 2011 - 2020 released by the Food a

Responding to David Cameron’s call for a global crackdown on corruption by G7 leaders meeting in Germany for their annual summit this weekend, Jorn Kalinksi, Oxfam G7 spokesperson said:“David Cameron’s is right to put a spotlight on corruption which is a problem for all countries across the globe.  Corruption wastes valuable resources that could be used to tackle poverty. It exacerbates inequality as the richest write the rules of the game in their favour and leave the rest behind.    "In 2010 alone, G7-based companies cheated Africa out of an estimated $US6…

“Today’s so-called ‘hammer blow’ against tax cheats misses. If the proposed registry of beneficial owners of companies and trusts is hidden from the public, how can we know who is hiding their profits and fortunes and trying to avoid paying their fair share?" said Susana Ruiz, Oxfam's tax policy expert.

“Climate change has set our planet on fire, millions are already feeling the impacts, and the IPCC just showed that things can get much worse," said Raijeli Nicole, regional director for Oxfam in the Pacific.

Since 2020, the richest five men in the world have doubled their fortunes. During the same period, almost five billion people globally have become poorer. Hardship and hunger are a daily reality for many people worldwide.

Responding to the Yemen truce extension, Abdulwasea Mohammed, Advocacy, Media and Campaigns Manager for Oxfam Yemen, said: “Oxfam welcomes the extension of the truce in Yemen and urges all parties to now prioritise the lives of Yemeni civilians and uphold and fulfil all areas of the agreement.    

In response to the outcome of the June UN Climate Meetings (SB60) in Bonn, Germany, Nafkote Dabi, Oxfam International’s Climate Change Policy Lead, said: "This year’s climate talks felt like treading water in a rising tide, with the world’s biggest economies failing to act with the urgency this crisis demands. Rich countries continue to shirk their responsibilities in contributing their fair share to the global effort to reduce carbon pollution."

Oxfam International criticized today the agreement just reached by the Japanese Cabinet for watering down the country’s responsibility to contribute to global efforts to tackle climate change.