Financial Transparency Coalition

LONDON—British high street banks have accepted millions of pounds in deposits from corrupt Nigerian politicians, raising serious questions about their commitment to tackling financial crime, warned Global Witness in a report published today. By taking money from corrupt Nigerian governors between 1999 and 2005, Barclays, NatWest, RBS, HSBC and UBS helped to fuel corruption and entrench poverty in Nigeria.

In the run-up to the review summit for the UN Millennium Development Goals, Bishop Louis Portella-Mbuyu from Congo-Brazzaville, is leading a church MDG advocacy tour to highlight the disastrous impact of illicit flows on his country and others in the continent. He, and others including Eva Joly MEP, will be speaking about these menaces to society at an event at the European Parliament in Brussels next week. We encourage you to participate: details below +++++++ Transparency and Extractive Industries: How to Recuperate Uncollected African Tax Revenues Bishop Louis Portella-Mbuyu (Congo-Brazzaville) International donors, meeting in New York to review the UN Millennium Development Goals...

A recent conference at Wilton Park addressed the largely neglected issue of domestic resource mobilisation in Sub-Saharan Africa. Tax Justice Network argues that domestic resource mobilisation should be the core of development strategies for most countries, but common sense has been in scarce supply in recent decades, largely pushed to one side to make way for the tax-cutting and privatising agenda of big companies and the western governments who serve their interests. So this conference was a welcome event, and we are pleased to report that the outcome document...

U.S. Attorney General Eric Holder's speech, as prepared for delivery, at the African Union Summit in Kampala, Uganda, where he announces that the U.S. Department of Justice is launching a new Kleptocracy Asset Recovery Initiative aimed at combating large-scale foreign official corruption and recovering public funds for their intended – and proper – use.