Financial Transparency Coalition

A new transparency law is being debated by the European Union that would require oil, gas, mining and forestry companies to make publish all payments they make to governments anywhere in the world. A similar provision exists in Section 1504 of the Dodd-Frank Financial Reform bill in the United States. Such a law would eliminate much of the opacity that exists in developing countries currently by allowing individuals to see how much money their governments are getting from extractive industries deals, and hold them accountable for it. Lobbyists for many of the extractive companies are working to dilute...

Wednesday's Top News Stories from Global Financial Integrity.

Tuesday's daily news updates from Global Financial Integrity

In April, 31 South Koreans, including 18 professional baseball players, were indicted for sports gambling and match-fixing. Operating both online and on the field, where players deliberately made mistakes to throw matches, these athletes and “brokers,” members of criminal gangs, earned as much as $4,000 per game. This type of activity is not new to South Korea, as volleyball and soccer leagues faced similar instances earlier this year. However, the recent corruption of baseball, Korea’s national pastime, particularly reflects a larger South Korean problem.