Financial Transparency Coalition

PRESS RELEASE FOR IMMEDIATE RELEASE As the UK Anti-Corruption Summit closes, it’s vital that countries rapidly implement commitments made As a group of world leaders lend their names to the Anti-Corruption Summit in London, it’s important that we see action from all nations to put an end to tax abuse, corruption, and other illicit flows.

The Anti-Corruption Summit hosted by Prime Minister David Cameron has started today and will continue through tomorrow. Heads of State, business leaders and civil society representatives will be in attendance with an aim to “expose corruption, punish perpetrators, and drive out the culture of corruption.” And this could not be more timely.

New analysis from James S Henry looks at the amount of money leaving emerging economies headed for tax havens and offshore financial centers. More below:

Last week, almost one month to the day after the Panama Papers came to light, President Obama announced new rules to help combat the abuse of anonymous shell companies to evade taxes and launder money. While it’s certainly welcome that the President of, by some accounts, the ‘world’s favorite new tax haven‘, is taking measures to