Financial Transparency Coalition

The worst aspect of the Bofors case - a major arms-deal scandal in Indiawhich brought down the Rajiv Gandhi government in the 1980s - was not corruption. Corruption in varying degrees is rampant worldwide.

Washington, D.C. — The Financial Industry Regulatory Authority (FINRA) announced today that it has fined Scottrade $600,000 for failing to establish and implement an adequate anti-money laundering (AML) program to detect and trigger reporting of suspicious transactions, as required by the Bank Secrecy Act and FINRA rules.

Bloomberg -- Vladimir Lenin, Charlie Chaplin and Marc Rich found refuge in Switzerland. So did Roman Polanski, or so he thought up until he was arrested in Zurich on charges of having sex with a minor.

ISTANBUL (Reuters) - The Group of 20 major nations may blacklist countries that have lax financial regulation and impose sanctions on them, mirroring its crackdown on tax havens, Chancellor Alistair Darling was quoted as saying.