April 9th, 2019
La crisis política, económica y social abierta a nivel global en 2008 todavía no está cerrada. Desde entonces se han registrado una serie de cambios geopolíticos que incluyen fracturas y modificaciones en la gobernanza global, especialmente en el ámbito de la tributación internacional identificada como uno de los principales retos mundiales. La necesidad de impulsar
January 2nd, 2014
Given impressive developments in the realm of financial transparency by the G20 in 2013, it would make sense to be optimistic for 2014. But perhaps this year’s G20 host, Australia, has yet to read the memo?
According to a recent study Measuring OECD Responses to Illicit Financial Flows from Developing Countries, of the eight Financial Action Task Force recommendations related to customer due diligence and record-keeping by banks, Australia actually comes out worst of all OECD member countries, failing to comply with six of eight recommendations - and only partially complying with the other two!
In an opinion piece for the...
November 8th, 2013
This blog originally appeared on European Development Days' website.
Earlier this month, the Financial Transparency Coalition organised the conference ‘Towards Transparency: Making the Global Financial System Work for Development’ in Tanzania. There, African civil society organisations and a coalition of leading international development organisations called on global policymakers to adopt measures to counter the hundreds of billions of euros siphoned out of the continent through money laundering and industrial-scale corporate tax avoidance.
The Africa Progress Panel led by Kofi Annan has estimated in its 2013 report that Africa loses twice as much in illicit financial flows as it receives in international...
November 7th, 2013
This Op-Ed originally appeared in European Voice.
The UK is showing the way forward on financial transparency
Last week, the British prime minister, David Cameron, announced that the UK plans to create a central public register of who ultimately owns and controls companies, or so-called ‘beneficial owners'. This should make it much harder for criminals to hide their identities behind sham UK companies, and for the corrupt to steal billions of dollars from developing countries.
Currently, corporations can be formed worldwide without disclosing who actually owns or controls them. Criminals often exploit this ability to create anonymous companies for the sole purpose...