Financial Transparency Coalition

Every year countries lose billions of dollars to tax avoidance, tax evasion and more generally to illicit financial flows. According to a recent IMF estimate around $700 billion of tax revenues is lost each year due to profit-shifting. In developing countries the loss is estimated to be around $200 billion, which as a share of GDP represents

The Centre for Budget and Governance Accountability (CBGA), a member of the FTC’s Coordinating Committee, has just released a great animated video highlighting the problem of illicit financial flows. Along with providing a sound and straightforward overview of the problem, the animation also looks at the problem and how it specifically relates to the regional context

Earlier this week, the Dutch Finance Minister, Mr Dijsselbloem, announced that the government would make the upcoming register of beneficial ownership, the so-called UBO-register, open to the public. This is in line with what the majority of parliament voted for in March 2014, and means the Netherlands will join a growing list of countries that

Last Sunday, 60 Minutes aired a jaw dropping segment on the role lawyers, banks and anonymous companies play in allowing dirty money to flow into the United States. The piece, based off of an undercover investigation by FTC member Global Witness, revealed just how willing a number of New York lawyers were to offer advice