Financial Transparency Coalition

LONDON - As the scandal grows around a Nigerian oil deal involving Shell and Italian firm Eni who made a US$1.1 billion payment that ended up in the accounts of a company controlled by a corrupt former Nigerian Oil Minister, the Dutch government is coming under increasing pressure to stop supporting opt-outs in new EU legislation that would enable companies such as Shell to avoid having to publicly report these payments in certain circumstances.

BRUSSELS / LONDON - The European Commission’s new draft legislation for how to crack down on financial crime, published today, misses an opportunity to make it much harder for tax evaders, mobsters, arms dealers and corrupt politicians to use Europe’s financial system to launder their dirty money.

LONDON – Hunger and malnutrition in childhood will trap almost a billion young people in poverty by 2025, according to a major new campaign, launched today by Britain’s leading development charities and faith groups. ‘Enough Food for Everyone IF’ is the largest coalition of its kind in the UK since Make Poverty History in 2005.

BEIJING - The Shanghai Stock Exchange (SSE) has the potential to play a greater role in improving extractive company transparency and disclosure and build on its existing social responsibility and corporate governance measures, said Global Witness and Syntao in a new report published today.