Financial Transparency Coalition

Global Witness Statement on Proposed Section 1504 Rule Today the US Securities and Exchange Commission (SEC) announced a strong proposed rule to implement a landmark transparency law which requires US-listed oil, gas and mining companies to publish details of their payments to governments, broken down per country and per project, with no exemptions.

WASHINGTON, DC – Illicit financial flows from developing and emerging economies surged to US$1.1 trillion in 2013, according to a study released Wednesday by Global Financial Integrity (GFI), a Washington, DC-based research and advisory organization. Authored by GFI Chief Economist Dev Kar and GFI Junior Economist Joseph Spanjers, the report pegs cumulative illicit outflows from developing

PRESS RELEASE G20/OECD plans on automatic exchange of financial information and corporate profit shifting well intentioned but miss the mark on inclusion Leaders of some of the world’s largest economies have given their final approval to plans to cut tax evasion and increase corporate transparency, yet countries most affected by tax dodging and illicit flows

G20 governments including the US and China have failed to deliver on their promise to fight corruption by adopting laws to end the secrecy that makes it easy for the corrupt to hide their identity and shift money across international borders. As much as $2 trillion is laundered each year, much of it by hiding