Financial Transparency Coalition

Indian finance minister Pranab Mukherjee called for international pressure to force non-cooperative jurisdictions to share information about the money they hide at an Asian Development Bank Governors’ seminar last week. This comes in the wake of a series of moves by India to crack down on the huge black money flows out of the country. Earlier in the year Mukherjee made similar comments in the build up to a meeting of G20 finance ministers, arguing for an “effective multilateral platform for automatic, spontaneous and requested exchange of information”. India also demonstrated its commitment to financial transparency by joining...

Global brewer under tax lens The Star (South Africa), May 6, 2011 U.S. targets bankers in HSBC laundering probe: source Reuters, May 5, 2011 Society as a whole must fight money laundering, experts warn Dominican Today, May 6, 2011 Experts: Bin Laden’s Death Has Negative Impact on Terrorism Financing Voice of America, May 5, 2011 Bin Laden's gone, but what about al Qaeda's finances? Fortune, May 2, 2011 Transfer pricing ‘deprives’ the poor Business Day (South Africa), May 6, 2011

Since his election Russian President Dmitry Medvedev has been talking about corruption. The subject has had prominence in many of his speeches since his campaign in 2008. In September of 2009 he announced a major reform program aiming to tackle rampant corruption in his country, although he didn’t actually detail what the reform program would include. Medvedev has also repeatedly vowed to tackle corruption in the court systems, stating that Russia should do its best to “make the courts become as much as possible independent from the authorities and at the same time to absolutely depend on...

Robin Hodess, Knowledge & Research Director at Transparency International, Draws the Dots between Financial Transparency and Climate Change This year’s Transparency International Global Corruption Report, launched this week in Dhaka, Bangladesh, tackles corruption and climate change. The message? Without better governance, climate change measures could go awry. The risk is corruption. The result could be lack of progress in the reduction of greenhouses gases, putting the planet at risk. The new TI report collects more than 50 articles on corruption threats that could affect climate governance, such as policy capture, and it highlights the challenges that will arise as large amounts...