Financial Transparency Coalition

LONDON - New European plans to reveal more about multinationals’ finances will help tackle corruption in the oil, gas and mining industries - but need toughening up if they are also to help poor countries fight multi-billion pound tax dodging, says Christian Aid.

BRUSSELS - Today’s EU proposals are a welcome development in the fight against corruption in resource rich countries, but there is potential to do much more.

Most large-scale corruption cases involve using legal entities to conceal ownership and control of corrupt proceeds, and policymakers should take steps to improve transparency to reduce opportunities for wrongdoing, according to a study released today by the Stolen Asset Recovery (StAR) Initiative of the World Bank and the United Nations Office on Drugs and Crime. The report, The Puppet Masters: How the Corrupt Use Legal Structures to Hide Stolen Assets and What to Do About It, examines how bribes, embezzled state assets and other criminal proceeds are being hidden via legal structures – shell companies, foundations, trusts and others. The...

Kazakhstan should complete the reform of its criminal legislation in order to comply with international standards and strengthen integrity in the public administration, according to a new report by the Istanbul Anti-Corruption Action Plan (IAP). The report commends Kazakh leaders for declaring that the fight against corruption is a top priority and for ratifying the UN Convention