Financial Transparency Coalition

“Art is a revolt against fate.” It was André Malraux, a French adventurer who traveled China in the 1930s, who said that. Malraux believed art is more than just a source of “aesthetic pleasure.” His most enduring concept was "le musée imaginaire" or "the museum without walls", which asserted that art could be more powerful as an experience outside the traditional confines of museums. At the moment China is headed down a crash course with its own fate. China has had massive problems with bribery, corruption, and illicit financial flows for years. In fact illicit outflows from the People’s Republic of China...

Vietnam and the World Bank recently held the first Viet Nam Anti-Corruption Intiative, or VACI.  The Initiative encouraged the public—whether ordinary citizens, NGOs, or private business—to develop proposals to help combat corruption in their communities.  VACI then selected 34 promising ideas, and awarded a total of approximately $450,000 to help fund the implementation of these plans in the coming year.  It is hoped that this initiative will be repeated in 2013. In order for pervasive corruption to be combated effectively, public support for anti-corruption initiatives is essential, and this year has seen people around the world taking a stand against graft in their...

Yesterday anti-corruption leaders in India called on citizens to turn off their lights in the evening to protest the detention of more than 1200 anti-corruption campaigners in New Delhi, The New York Times reported. The campaigners were detained following the arrest of well-known activist and Transparency International Integrity Award winner Anna Hazare early yesterday morning. Local police arrested Hazare at his home, according to the BBC after he vowed to go ahead with a hunger strike in a public park against corruption despite local police denying him a permit to hold the demonstration. The New York Times said that the likelihood...

This weekend, The Economist—building off information discovered by Task Force member Global Witness—released an extensive feature on the operations of the "Queensway syndicate," a corporate partnership centered around the trade of oil from Angola to China.  Through a series of shell companies, family relations, and personal ties dating back to the Cold War, a network of Chinese and Angolan business-people purportedly dominate many African resource markets, generally doing so through illicit means. In order to gain access to valuable mineral resources across the African continent, the syndicate allegedly promised developmental aid, generally in the form of infrastructure development,...