Financial Transparency Coalition

Just last month, the European Parliament took a step towards genuine financial transparency, by passing a committee vote that would require centralized registers of the beneficial owners of all companies in the European Union.

Victor Yanukovych lives on 340 acres of land on the banks of the river Dnieper in Ukraine. His home, a five story mansion named Mezhyhiriya, is decorated with marble, crystal, and precious woods. It is difficult to overstate the luxury of this palatial building. Its cedar doors are worth $64,000 each, the wall paneling in

Last week, the Wall Street Journal reported that the U.S. Justice Department has indicated it will step up its enforcement of anti-money laundering (AML) rules among financial institutions and boost its efforts to safeguard U.S. banks from illicit financial flows. As the article points out, this comes as no surprise to those of us who have watched this issue—prosecutors in the United States have been bringing more cases against banks using the Banking Secrecy Act and DOJ has aggressively pursued both domestic and international banks for deficient money laundering controls. The DOJ’s efforts are laudable, but unfortunately they expose a...

The Center for International Policy (CIP) is a non-profit founded in 1975 to advocate for a foreign policy that promotes cooperation, transparency and accountability in global relations. CIP’s programs advocate policies that advance international cooperation, demilitarization, respect for human rights, and action to alleviate climate change and stop illicit financial flows. The international secretariat of the Financial Transparency Coalition (FTC), which CIP hosts, seeks an intern to work with us during the 2014 spring semester. The FTC intern will answer directly to the FTC Administrator and contribute to multiple FTC projects. This will range from contributing to blog posts to...