Financial Transparency Coalition

In a public opinion poll conducted in November of 2010, Americans, on average, stated they believe about 25% of the Federal budget goes to foreign aid. When asked what would be an appropriate amount to go to foreign aid, Americans answered 10% of the budget. The amount of the U.S. federal budget that actually goes to foreign aid? About 1%. It’s no surprise that foreign aid is one of the only budget areas that a majority of Americans are willing to cut. The reason for this, pollsters believe, is because Americans have blurred the line between defense...

76 civil society organizations, including 7 members of the Task Force—Christian Aid, Eurodad, Global Financial Integrity, Global Witness, Tax Justice Network, Tax Research UK, and Transparency International—submitted the attached letter to G20 Anti-Corruption Working Group officials on February 11, 2011. The letter affirmed the civil society groups' support for the G20’s work combating corruption, urged swift action and made recommendations.

In October 2010, the Financial Action Task Force (FATF), published a consultation paper seeking input as the organization conducts a review of its 40+9 Recommendations. Attached is the official response from the Task Force on Financial Integrity and Economic Development (Task Force).

In December 2008, Global Financial Integrity (GFI) published a report entitled Illicit Financial Flows from Developing Countries: 2002-2006 (referred to as the 2008 IFF report). The 2010 IFF report is an update of the first with the added value of a focus on Asia. This study analyzes outflows from Asia in somewhat greater depth with particular reference to outflows from the top five Asian exporters of illicit capital. In response to several requests for more up-to-date analysis of illicit flows, the present update also estimates the volume and pattern of illicit flows in 2009 based on macroeconomic projections and...