Financial Transparency Coalition

Submission Date: 24 September 2018 The ability to hide and spend suspect funds overseas is a large part of what makes serious corruption and organised crime attractive and possible. In order to steal public money, corrupt individuals need to be able to hide those funds in the international financial system and find somewhere attractive to

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

Submission Date: 26 July 2018 The FTC was encouraged to see the adoption of the mandate to curb illicit financial flows last month at the BRICS Tax and Customs meeting. In this regard, we submitted a letter to share some policy recommendations for a unified strategy against illicit financial flows ahead of the 10th BRICS Summit,

Submission Date: 16 May 2018 The FTC has entered a submission to Review of Canada’s Anti-Money Laundering and Anti-Terrorist Financing Regime. Canada has one of the weakest frameworks among G20 countries for identifying, collecting information on and maintaining records for beneficial ownership information for legal entities. Notwithstanding the commitments made by Canada towards undertaking “concrete action”