Financial Transparency Coalition

LONDON – Today, Europe’s largest bank, HSBC, announced that it will pay $1.9 billion (£1.2 billion) to settle allegations that it laundered money for drugs cartels, terrorists and pariah states. During approximately the same period that HSBC failed to check whether the dollars it was shipping from Mexico to the US were drugs money, 47,000 people died at the hands of Mexican drugs traffickers.

Today’s international tax rules, which were drawn up nearly a century ago, have not kept pace with the massive changes in the world economy.

LONDON - The Tax Justice Network on Sunday 9th December will unveil a blueprint for a 21st century system for taxing multinational companies to replace the current outdated and thoroughly discredited model.

WASHINGTON, DC – As the world observes International Anti-Corruption Day this Sunday, December 9, 2012, Global Financial Integrity highlighted some of the most notable achievements, developments, and short-comings in the fight against corruption over the past year.