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Monday's Daily News Digest
September 26th, 2011
Supreme Court moved against black money The Nation (Pakistan), September 26, 2011 Special report: Nevada’s big bet on secrecy Reuters, September 26, 2011 Memo to the G20: stop turning a blind eye to tax dodgers The Guardian, September 26, 2011 Big banks targeted by IRS on tax breaks Financial Times, September 25, 2011 Many banks
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Dear Rep. Sensenbrenner – An Effort to Weaken FCPA Will Not Succeed
September 23rd, 2011
Raymond W. Baker, the director of Task Force member Global Financial Integrity, has written a letter to Rep. Jim Sensenbrenner (R - WI) warning him against introducing legislation to weaken the Foreign Corrupt Practices Act (FCPA). The letter, which has received coverage from The Wall Street Journal and Just Anti-Corruption suggests there will be political ramifications to for the Congressman should he follow through with his promise to introduce legislation to ammend the nation's flagship anti-corruption law. Just Anti-Corruption (subscription required) reports:
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Friday's Daily News Digest
September 23rd, 2011
Anti-Corruption Group Warns Sensenbrenner of Political Peril in FCPA Changes Just Anti-Corruption (Subscription Required), September 22, 2011 Is Manmohan Singh the Perfect Economic Hit Man? Salem-News, September 22, 2011 Wocu makes strides but experts say victory is premature Financial Advisor, September 22, 2011 Revenue targets accounts of 2,000 suspected tax dodgers Irish Examiner, September 23,
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Highlights from the Task Force Response to the FATF Consultation Paper
September 23rd, 2011
The Financial Action Task Force (FATF) is a global, instrumental inter-governmental group that develops and promotes policies battle money laundering and terrorist financing. The FATF issues a set of recommendations to outline criminal justice and regulatory measures that countries should implement to effectively fight these problems. This set includes the FATF’s 40 Recommendations, which cover a complete list of anti-money laundering (AML) measures and span the criminal justice system, law enforcement, the financial system, financial regulation, and international co-operation. Additionally, the FATF releases 9 Special Recommendations, which specifically address terrorist financing. Together the 40+9 Recommendations form the international standard for...
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