THE issues of tax crimes, money laundering, corruption and terrorist financing have become a major threat to socio-political and economic stability of developed and developing countries. As they thrive in the absence of transparency and co-operation amongst law enforcement agencies, the OECD, the Financial Action Task Force (FATF), and the World Bank, amongst others, will be hosting a global conference in Paris on Monday. The focus will be on sharing information and co-operate to fight domestic and international financial crime.

This conference will explore successful models of national and international co-operation, what they can achieve, and outline the role of tax administrations with a view to enhancing global inter-agency co-operation.

Participants to the conference are representatives from national fraud, tax and money-laundering agencies in Europe, North and South America, Africa and Asia - including India and Australia - as well as business and civil society. Almost all G20 countries are going to be represented.