Financial Transparency Coalition

Developing countries lose billions of dollars every year due to illicit financial flows or IFFs. One of the big obstacles countries face in curbing IFFs is the access to information, especially from developed countries that happen to be tax havens. Automatic exchange of information allows countries to gauge the magnitude of illicit finance that has crossed

The FTC held a virtual briefing on country by country reporting on 6 December 2016 to explore the intricacies of public country by country reporting, as well as how this information can be useful to a variety of different stakeholders to monitor corruption, corporate governance, illicit flows of money and the extractive industry.