Caux Round Table participant and Global Financial Integrity (GFI) Director Raymond Baker will testify before the U.S. House of Representatives Financial Services Committee as part of a hearing on capital loss, corruption and the role of western financial institutions.
The hearing will examine how corruption drains revenue out of emerging economies and examine ways to combat corruption and keep illicit capital flight from exiting developing countries.
GFI director Raymond Baker will discuss the findings of a December 2008 GFI analysis of illicit financial flows out of developing countries and make recommendations for U.S. and international policies which could substantially curtail illicit cross-border flows of capital.
Mr. Baker has also worked with the Caux Round Table on a project spearheaded by chair Lord Daniel Brennan to recover the proceeds of corrupt assets stolen from poor and developing countries.
The hearing will be taking place at 10 am, Tuesday, May 19, 2009, in the Rayburn House Office Building, room 2128.
Caux Round Table Global Executive Director Steve Young Speaks with U.S. Representative
Eric Paulsen and Global Financial Integrity Director Raymond Baker before a Hearing on Capitol Hill.