Financial Transparency Coalition

Christian Aid's David McNair Recounts His Trip to Washington, DC for the International Monetary Fund's Spring Meetings Last Week Extreme turbulence and black clouds were the order of the day as I flew through a storm into Washington, DC. Ironic, then, that I was on my way to the institution tasked with picking up the pieces of the financial crisis and managing these turbulent economic times. But the International Monetary Fund (IMF) itself has not escaped from the crisis unchanged. The new ‘fund’ seems less driven by economic orthodoxy at the expense of other perspectives and more open to criticism –...

High-level committee to trail money laundering Economic Times (India), April 25, 2011 US Prepares Syria Sanctions Wall Street Journal (Corruption Currents), April 25, 2011 Tax Matters for Developing Countries Huffington Post, April 22, 2011 UK nears Swiss tax deal Telegraph, April 24, 2011 Banks fear rule would cost them depositors San Antonio Express-News, April 23, 2011 Revenue to target tax of global giants The Independent (Ireland), April 24, 2011

Last month, the Secretary General of the OECD, Angel Gurría, came to Washington, and among his appointments was a public talk at the Center for Global Development (where he is a member of the board of directors). A former finance minister and foreign minister for Mexico, Sr. Gurría was every bit the politician and statesman – smiling, good projection and eye contact, very personable and very optimistic – hardly a negative word was mentioned about himself or the OECD. Secretary General Gurría began his talk with a brief summary of the world economy. He noted that the center of...

'No authentic figures' on black money deposits: Finance ministry Times of India, April 22, 2011 Diamond trade tops IT black money list Daily News and Analysis India, April 22, 2011 Money laundering allegations hit Citibank The Jakarta Post, April 22, 2011 Antigua says U.S. online poker shutdown was illegal Reuters, April 21, 2011 UAE banks detect 479 laundering cases Emirates 24/7, April 22, 2011 Dominican police, soldiers increasingly getting in the drug trade McClatchy Newspapers, April 21, 2011