Financial Transparency Coalition

KPO Probe Highlights Customs Risks The Wall Street Journal (blog), June 8, 2012 China tries to stop corrupt Chinese officials from fleeing with ill-gotten gains Los Angeles Times, June 10, 2012 Obstacles Mar Quest for Arab Dictators’ Assets The New York Times, June 7, 2012 Not all money kept abroad is black money: Pranab Mukherjee

Recognizing the relationship between anonymous shell corporations and stolen assets, the World Bank released a collection of case studies entitled “The Grand Corruption Cases Database Project” last week. Part of a larger anti-corruption report The Puppet Masters: How the Corrupt Use Legal Structures to Hide Stolen Assets and What to Do About It, the global collection has made 150 beneficial ownership case studies available online. Thus, users can compare instances of shell corporations between countries and see the state of individual cases and appeals.

Check out the new press release from the Task Force regarding the global push for legislation to require financial transparency in all companies. The release outlines a letter from over a thousand organizations calling on the EU Commission to require beneficial ownership be disclosed or all EU companies, as well as a similar letter that was sent to U.S. legislators by a different group of organizations.

Friday's Top News Stories from Global Financial Integrity.