Financial Transparency Coalition

Summary*: The final report of Michael Foot’s Review of the opportunities and challenges facing the British Crown Dependencies (Guernsey, Isle of Man, Jersey) and six Overseas Territories (Anguilla, Bermuda, British Virgin Islands, Cayman Islands, Gibraltar, Turks and Caicos Islands) was published on 29 October. The recommendations made to these jurisdictions cover: the quality and extent

A new briefing paper, titled “The Links Between Tax Evasion and Corruption: How the G20 Should Tackle Illicit Financial Flows,” sent to the G20 from Christian Aid, Global Financial Integrity, Global Witness, and Tax Justice Network highlights what the G20 should do to address illicit financial flows.

European and Asian companies, including Bangkok-based THAISARCO (a subsidiary of British metals group AMC), UK-based Afrimex, and Belgium-based Trademet have been buying minerals from the Democratic Republic of Congo (DRC) that are funding armed groups and fuelling conflict, said Global Witness in a report published today. The 110-page report, entitled ‘Faced with a gun, what

The French non-profit organization, Catholic Committee against Hunger and for Development (CCFD), released a new report Wednesday on government corruption and stolen assets from developing countries.  The report, “Biens mal acquis” or “Ill-Gotten Gains” extensively cites the work of Task Force members Global Financial Integrity (GFI) and its director, Raymond Baker, on illicit financial flows