Financial Transparency Coalition

Are you an ambitious journalist in Africa with an interest in probing illicit finance, money laundering, and tax related abuses? Or, perhaps, you represent an outstanding, independent media organization based in Africa with a desire and reputation for exposing financial crime and corruption? Either way, the Thomson Reuters Foundation is launching a new three-year program assisting African media on the reporting of illicit finance and tax abuse, and they are hoping that you will apply.

Voice of America (VOA) has begun an investigation into global corruption, the first segment of which aired this week, featuring the work of Task Force members Global Financial Integrity and Transparency International.

Power Outages Plunged Nearly 700 Million People Across India into the Dark this Week. Could Better Governance and a More Transparent Financial System Have Averted This? Sometimes it can be difficult to wrap your mind around an exorbitantly large number like US$462 billion.  Global Financial Integrity's research shows that developing and emerging economies are  losing astronomically large amounts of money to crime, corruption, and tax evasion each year.  Indeed, our November 2010 report on India by GFI's Lead Economist Dev Kar revealed India had lost $462 billion in illicit outflows. This week's massive poweroutages across the subcontinent—plunging half the country, or about...

Beyond enabling tax dodging, tax haven secrecy facilitates transnational crime, financial fraud and international terrorism, writes Robert Morgenthau, the legendary former Manhattan District Attorney, in the New York Times.