Financial Transparency Coalition

WASHINGTON DC - Today, the Southern District of New York sentenced Viktor Bout, also known as the Merchant of Death, to 25 years in prison, finally putting an end to his notorious career as a weapons trafficker. In November of last year, a jury convicted Bout on terrorism charges, including conspiring to kill Americans and conspiring to provide material support to terrorists.

WASHINGTON, DC – The International Bar Association’s Human Rights Initiative (IBAHRI) today announced the formation of a international task force charged with investigating the linkages between illicit financial flows, poverty and human rights violations. Chaired by Global Financial Integrity Advisory Board member and Yale University Professor Thomas Pogge, the task force consists of prominent academics, tax experts, and lawyers from around the world.

WASHINGTON, DC – Global Financial Integrity (GFI) welcomed an initiative by the OECD’s first Global Forum on Transfer Pricing today to simplify and strengthen international transfer pricing standards, but noted the need to engage a wide variety of developing countries as the Global Forum moves forward with its work.

LONDON - Global Witness welcomes news that the British regulator, the Financial Services Authority (FSA), has fined Coutts bank for failing to do enough to prevent corrupt funds from flowing through its accounts.