Criminal activities are dynamic and offenders adapt quickly to take advantage of new opportunities for financial gain, frequently outpacing the legislative changes designed to combat them. Finding better ways to fight financial crime is especially important in times of economic crisis, when the loss of income is all the more damaging to governments, businesses and individuals.
Countering these illegal activities requires financial transparency, effective intelligence gathering and analysis, and improvements in co-operation and information sharing between tax administrations and other financial crime authorities.
The Task Force on Tax and Crime (TFTC) supports jurisdictions efforts to combat tax crimes through implementation of the "Oslo Dialogue"—a policy initiative launched in 2013 to promote a 'whole of government' approach to fighting tax crime and other financial crimes through standard setting, sharing of best practices, and capacity building. The OECD is uniquely positioned to lead change in this field owing to its leading role in each of these areas. For example, the OECD is able to leverage participation in the OECD Academy for Tax and Financial Crime Investigation to enhance developing countries' participation in the TFTC's standard setting work, strengthening these standards overall. The diagram below provides an overview of the TFTC's current strategy and direction.
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