Financial Transparency Coalition

Cross posted from Transparency International's website. December 9 is International Anti-Corruption Day. It is a day when people around the world raise their voice against the abuse of power for private gain. The Corruption Perceptions Index 2013, in which two-thirds of countries score less than 50, offers a warning that the abuse of power, secret dealings and bribery continue to ravage societies around the world. They will continue to do so as long as corruption pays off for the corrupt. From the business executive who helps a corrupt official hide a bribe in an offshore bank out of authorities' reach, to the...

This post is the first in a three-part series on policy solutions to confront trade mispricing from Mexico and the War on Drugs. It is adapted, with permission, from this feature article originally published by Policy Matters Journal. In July of last year, the U.S. Department of Justice discovered that the banking giant HSBC “willfully failed” to apply money laundering controls to $881 million in drug trafficking proceeds, including those from two major Mexican drug cartels. Specifically, HSBC’s policies allowed high risk and suspicious account holders to open HSBC bank accounts in Mexico. A Senate Subcommittee on Investigations report condemns...

The FACT (Financial Accountability and Corporate Transparency) Coalition today praised Representative Lloyd Doggett (D-TX) and Representative Rosa DeLauro (D-CT) for the introduction of the Sequester Delay and Stop Tax Haven Abuse Act. Among other things, this legislation would close or tighten tax loopholes that have been used by some of the most profitable multinational corporations – Apple, Hewlett-Packard, Microsoft and Nike – to avoid paying their fair share of taxes. Some tax loopholes allow corporations to use complex accounting schemes to make it appear that profits earned in the United States are actually generated in other countries,...

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 a motivated, highly adaptive New Media & Press Coordinator to join its communications team. This is an exciting opportunity to contribute to the communications of an influential coalition of civil society, governments, and experts who have...