Financial Transparency Coalition

Transparency International signed a letter with prominent prosecutors and corruption hunters addressing G8 leaders on the urgency to curb money laundering.

BERLIN - Transparency International, the anti-corruption organisation, welcomes the proposal to make transparent and accountable governance a cornerstone in the drive to end world poverty and reduce inequality, as outlined in the report published today by the High Level Panel convened by the United Nations.

BRUSSELS - EU leaders meeting tomorrow have an opportunity to end the financial secrecy that facilitates corruption and tax evasion. As many cases of proven corruption have shown, anonymous shell companies and other opaque legal structures based in secrecy jurisdictions are the favoured vehicles to hide illicit financial gain. Finding out who ultimately profits from these legal structures - the question of beneficial ownership - is central to efforts to close down this avenue for ill-gotten gain.

BERLIN - Transparency International calls on finance ministers from the Group of 20 leading economies (G20), meeting this week to maintain the growing pressure for greater corporate transparency, particularly of financial institutions.