Financial Transparency Coalition

Leaders from the world’s largest economies – the G20 – will meet tomorrow and Friday in Seoul, South Korea to discuss the future of our international financial system.  They have an unprecedented opportunity to institute changes to create a transparent global financial system that is open, accountable, fair and beneficial for all.

As you probably know, developing countries are losing $1 trillion every year due to crime, government corruption, and tax evasion. These illicit monetary outflows are roughly ten times the amount of aid money going into developing countries for poverty alleviation and economic development.  Click here to tell the G20 to take action tomorrow.

The loss of money from poor economies that would otherwise go to provide health services, infrastructure, and other critical needs exacerbates poverty and leads to the deaths of millions of people. The annual loss of hundreds of billions of dollars from the world’s poorest and most vulnerable economies constitutes one of the most pressing human rights issues of the new decade.

The key to tackling this problem is transparency in the global financial system. After these stolen or otherwise ill-gotten gains exit their country of origin they vanish into an opaque financial system comprised of tax havens and secrecy jurisdictions. The most effective deterrent to criminals, corrupt officials, and tax evaders is to create a global financial system where illicit money cannot hide.  Let’s tell the G20 to create a transparent financial system, sign the petition at  http://www.g20transparency.com.

Already signed the petition? Click here to ask your friends to sign:

http://action.gfip.org/t/8858/tellafriend.jsp?tell_a_friend_KEY=1595