Financial Transparency Coalition

WASHINGTON, DC – Global Financial Integrity (GFI) today called upon G20 leaders meeting this week in Los Cabos, Mexico to tackle the issue of tax haven secrecy and the illicit financial flows it facilitates as a necessary means to ensuring stability in the international financial system.

LONDON - Global Witness is today revealing evidence that numerous UK companies appear to have helped facilitate a major money laundering scandal centred on a bank in Central Asia. Grave Secrecy, launched today, shows how urgent action is needed to address the current ease with which the UK and other major economies are used to launder the proceeds of corruption, tax evasion and other crimes.

WASHINGTON / BRUSSELS - A group representing over a thousand civil society organizations has sent a letter to European Internal Markets Commissioner, Michel Barnier, asking for legislation requiring all companies to reveal their true owners, as part of the ongoing revision of Europe’s anti-financial crime laws.

LONDON - Organisations representing over 1000 civil society groups have written to the EU calling on it to establish a new standard for company ownership transparency. NGO coalitions including Publish What You Pay, the UN Convention against Corruption civil society coalition and the Task Force on Financial Integrity and Economic Development, are asking for a new standard that companies have to publicly disclose their ultimate, or beneficial, owner.