Financial Transparency Coalition

This article, written by the FTC’s EU campaigner, Koen Roovers, originally appeared on OpenDemocracy.net.  There’s an old saying that the legislative process is a lot like making sausages – it’s confusing, messy, and you don’t really want to know how it’s done. The European institutions in Brussels, the butcher shop in this case, decide how

Last month, the Organization for Economic Co-Operation and Development (OECD) released a report to outline how shifting to a new international information exchange system would work.

In the coming days, Members of the European Parliament (MEPs) will face a clear-cut choice: to move closer to ending financial secrecy, or to stagnate within the current system of opacity. The specific issue at hand is whether corporations should be required to disclose beneficial ownership information, which identifies who actually owns a company. The

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.