Financial Transparency Coalition

WASHINGTON, DC – Global Financial Integrity today applauded the U.S. Department of the Treasury for working with over fifty jurisdictions to establish agreements enabling the bilateral automatic exchange of tax information as part of the implementation of the Foreign Account Tax Compliance Act (FATCA).

LONDON - New information suggests that the US$1.1 billion paid by Shell and the Italian energy company ENI for a Nigerian oil block could fall foul of anti-corruption legislation and highlights the urgent need for strong disclosure laws across the EU. A directive being discussed by the EU Council and Parliament must require full “project-by-project” disclosure to ensure such payments are publicly reported.

WASHINGTON DC - Global Financial Integrity (GFI) applauded the Securities and Exchange Commission (SEC) today for denying the request (PDF) of industry groups to stay key oil, gas, and mining transparency rules pending a lawsuit.

WASHINGTON DC—Global Financial Integrity (GFI), a Washington DC-based research and advocacy organization, urged the Securities and Exchange Commission today to deny the suspension request made by the American Petroleum Institute for recently finalized rules implementing Dodd-Frank Section 1504 transparency requirements for oil, gas, and mining companies.