Financial Transparency Coalition

The Olympic Games are a wonderful celebration of excellence in sport. But is there a danger thatcorruption may have tainted the Games? As London prepares to launch the Games tomorrow, it is sobering to reflect on whether the event is living up to the ‘respect for universal fundamental ethical principles’ cited in the Olympic Charter.

Power Outages Plunged Nearly 700 Million People Across India into the Dark this Week. Could Better Governance and a More Transparent Financial System Have Averted This? Sometimes it can be difficult to wrap your mind around an exorbitantly large number like US$462 billion.  Global Financial Integrity's research shows that developing and emerging economies are  losing astronomically large amounts of money to crime, corruption, and tax evasion each year.  Indeed, our November 2010 report on India by GFI's Lead Economist Dev Kar revealed India had lost $462 billion in illicit outflows. This week's massive poweroutages across the subcontinent—plunging half the country, or about...

BERLIN - The world’s largest publicly-traded companies are reporting more than in the past about their anti-corruption programmes but still need to do a lot more to increase transparency in reporting on their operations, according to a new study by anti-corruption group Transparency International. Transparency in Corporate Reporting: Assessing the World’s Largest Companies scored 105 of the top publicly-traded companies based on their public commitment to transparency.

WASHINGTON, DC – Two recent articles published in The New York Timesexpose how criminals, terrorists, corrupt foreign politicians, and tax evaders abuse anonymous U.S. shell companies to launder their profits and impede law enforcement investigators, highlighting the need—says Global Financial Integrity (GFI)—for Congress to enact legislation requiring disclosure of the true (human) beneficial owners of corporations, trusts and foundations.