Financial Transparency Coalition

Every other week, the Task Force highlights a Featured Allied Organization. The Task Force has more than 120 member organizations from all over the world which endorse its mission. The current featured Allied Organization is The Council on Geopolitics.

HUMANBE is a unique organization focused on promoting sustainable development throughout all aspects of life: economic practices, the environment, social interaction, etc. The organization’s mission is to change both the individual and collective behavior of society through the implementation of concrete and sustainable solutions. Recognized as an organization working to build a more humane society, HUMANBE makes every effort to build awareness of our interdependence.

It is appropriate that the United Nations officially recognizes Anti-Corruption (9 December) and Human Rights (10 December) on two consecutive days as the two issues are inextricably linked. Article 25 of the Universal Declaration on Human Rights states that “Everyone has the right to a standard of living adequate for the health and well-being of himself and of his family, including food, clothing, housing and medical care and necessary social services…” Corruption undermines a society’s ability to attain these basic standards. When corrupt individuals and institutions steal aid money, or a Multinational Corporation exploits a country’s...

Delaying Release of Final Rules on Extractive Industries Disclosure Law Will Hurt Developing Countries, Could Weaken Enforcement The Securities and Exchange Commission (SEC) announced in April that the final rules for Section 1504 of the Dodd-Frank Wall Street Reform and Consumer Protection act could be delayed until sometime between August and December 2011, at the earliest.  Once enacted, Section 1504 would require companies operating in the oil, gas and mining industries (the extractive industries) that have to report to the SEC, which includes—at a minimum—all such companies listed on U.S. stock exchanges, to report payments made to the...