Financial Transparency Coalition

Eastern Europe has been wracked with corruption scandals over the past few weeks. In Hungary, Transparency International released a report about the cozy relationship between business and government in the country, and warns that the government’s internal checks and balances are breaking down. In Slovakia, Smer-Social Democracy party took over the government in part due to a massive corruption scandal. Earlier this year, two ex-ministers of Romania were jailed on corruption charges and Romaina’s former prime minister became the country’s first head of government to be convicted of corruption. The truth is, though, that corruption in Eastern Europe is not...

The Task Force on Financial Integrity and Economic Development has been nominated by Transfer Pricing Weekly as a "leading force on global transfer pricing development." Nominated alongside us were partner organization ActionAid, as well as The United Nations, the OECD, U.S. President Barack Obama, Indian Finance Minister Pranab Mukherjee, among others.

The OECD Working Group on Bribery has just adopted its first evaluation report of Russia’s implementation and enforcement of the Convention on Combating Bribery of Foreign Public Officials in International Business Transactions (OECD Anti-Bribery Convention). The Working Group on Bribery notes that some concerns remain in Russia’s legislation for fighting foreign bribery that will need to be further reviewed during Phase 2.