Financial Transparency Coalition

WASHINGTON, DC – The Financial Accountability and Corporate Transparency (FACT) Coalition welcomed news that the U.S. Department of the Treasury will be leading a government task force to review the nation’s antiquated anti-money laundering regulations. The FACT Coalition—an alliance of more than 60 prominent anti-corruption, transparency, small business, and global development groups—originally called on the Treasury Department in September 2011 to undertake such a review.

TJN today publishes new research into banks’ and Big 4 accounting firms’ global geographical reach and presence. Using data from our Financial Secrecy Index (FSI) project, our research finds a positive correlation between the number of banks and the Big 4 firms of accountants in a jurisdiction, on the one hand, and the jurisdiction’s degree

Following Several, Recent, High-Profile Cases Against International Banks for Violating U.S. Sanctions Against Iran, the Iranian Rial Lost 60% of its Value against the U.S. Dollar Last Week. Could There Be A Connection?

Iran's currency is in free-fall. After a slow slide throughout 2012, the Iranian Rial all of the sudden took a dive this week, according to CNN: