Financial Transparency Coalition

Yesterday, Global Financial Integrity released the report, Illicit Financial Flows from Developing Countries 2002-2011, which found that developing countries lost $947 billion in illicit financial flows in 2011, and $5.8 trillion over the ten-year study period. The subject of illicit financial flows is still a new one, and can be confusing. To help answer some common questions about the report, we’ve put together a quick FAQ below: What Are Illicit Financial Flows? What Does This Report Measure? Illicit financial flows are cross-border transfers of funds that are illegally earned, transferred, or utilized. These kinds of illegal transactions range from corrupt public officials...

This post is the third in a three-part series on policy solutions to confront trade mispricing from Mexico and the War on Drugs. It is adapted, with permission, from this feature article originally published by Policy Matters Journal. You can read the first and second posts. In the United States, the War on Drugs has focused mainly on stemming the demand in the north and stifling the supply from the south. This effort has largely failed because the demand for illegal drugs is so large that narcotics dealers are willing to take significant risks to enter the North American drug...

This excellent report (cross posted and prepared by FTC Coordinating Committee member Global Witness) reinforces the necessity for transparency about the ultimate beneficial owners of companies involved in extractive deals – and NOT just the proxies or other companies in obscure ownership chains – but the real beneficial owners of companies! Findings pose a challenge for the Extractive Industries Transparency Initiative Click here to download this report. Azerbaijan Anonymous, a new report released today by Global Witness, reveals a shadowy figure in the oil industry of Azerbaijan, a key EU energy supplier. A little-known businessman, Anar Aliyev, has gained ownership stakes, some...

This post is the second in a three-part series on policy solutions to confront trade mispricing from Mexico and the War on Drugs. It is adapted, with permission, from this feature article originally published by Policy Matters Journal. You can read the first post here. In the United States, the War on Drugs has focused mainly on stemming the demand in the North and stifling the supply from the South. This effort has largely failed because the demand for illegal drugs is so large that narcotics dealers are willing to take significant risks to enter the North American drug market....