Financial Transparency Coalition

Pfizer Near Settlement on Bribery The Wall Street Journal, November 21, 2011 Corruption in Afghanistan: Worse than you thought Salon, November 17, 2011 Tackling Sports Corruption In Israel Transparency International (blog), November 17, 2011 Tax pacts track down ¥85 billion The Japan Times, November 19, 2011 Congo asset sales lose state billions of dlrs -UK

Two weeks ago, the twenty most powerful leaders of the world headed to Cannes, France for the G20 Summit. It was the G20’s sixth meeting in a series of ongoing discussions about the world’s financial markets. While the meeting did not reach any concrete policy decisions on a host of important issues plaguing our financial world, some of the accomplishments of the meeting included a few pointed and poignant statements from some of the world’s most powerful. One of these statements came from Indian Prime Minister Manomohan Singh, who urged the world’s twenty most powerful countries to agree to...

Whistleblower puts Julius Bär in a fix World Radio Switzerland, November 18, 2011 No verdict in case of Swiss ex-banker linked to WikiLeaks Reuters Canada, November 17, 2011 UBS slashes investment bank arm ABC News, November 18, 2011 AP Impact: Right-to-know laws often ignored Associated Press, November 17, 2011 Grassley Presses Holder on FCPA Guidance

This week's featured video shows an excellent discussion about beneficial ownership from the Task Force 2011 Conference in Paris, France.  They discuss how a lack of disclosed beneficial ownership protects corrupt dictators and tax dodgers from law enforcement scrutiny, why legitimate businesses will not be hurt by the requirement, and implications for international development.