Financial Transparency Coalition

LONDON – The government is proposing to scrap more than two dozen criminal penalties underlying anti-money laundering procedures to encourage business to adopt a risk-based approach.

WASHINGTON – India's announcement that it had ratified the United Nations Convention Against Corruption (UNCAC) has been welcomed as a "significant step".

WASHINGTON – The Task Force on Financial Integrity and Economic Development (Task Force) has welcomed India's announcement that it has ratified the United Nations Convention Against Corruption (UNCAC).

LISBON - Angola, Africa's second-biggest crude oil producer, has denied a report that it lost almost $6 billion in illicit capital flows in 2009.