Financial Transparency Coalition

Black money: Is Indian law tightening grip? Economic Times, August 11, 2011 Book Reviews: Treasure Islands and Only the Super-Rich Can Save Us! Seeking Alpha, August 10, 2011 Colombia loses $13.3B a year through sales tax evasion, smuggling Colombia Reports, August 10, 2011 Fallen Angels: Italy’s Top-Heavy Corruption And Never-Ending Appeals Wall Street Journal, August 10, 2011 Political dysfunction fuels Italy financial crisis Associated Press, August 10, 2011 Deere Faces Scrutiny for Possible Bribery Violation Wall Street Journal, August 11, 2011

The Task Force is seeking an experienced journalist to promote its issues and expertise in the area of financial transparency in the US/North America media market as a primary focus and in Central and South America as a secondary focus. This position will be based in Washington, DC.

Task Force member Global Witness today revealed that HSBC, Goldman Sachs, Société Générale, JPMorgan Chase and many other western financial institutions appear to have held and managed billions in Libyan state oil money under the rule of Col. Muammar al Gaddafi. A release to the media from Global Witness early this morning began:

LONDON and WASHINGTON, DC – HSBC and Goldman Sachs are among the key western bankers for Colonel Gaddafi’s regime, a 2010 document leaked to Global Witness appears to show. The...

Global Financial Integrity Managing Director Tom Cardamone has written a new blog post for the TrustLaw website highlighting U.S. Senator Rand Paul's (R-KY) efforts to gut the USA PATRIOT Act of key anti-money laundering/anti-terror financing provisions. The key provisions are set to expire Friday morning unless the U.S. Congress renews them before then. Referencing two of Senator Paul's eight proposed amendments to the act, Cardamone writes:

Two of the Paul amendments deal with Suspicious Activity Reports (SARs) that money services businesses...