Financial Transparency Coalition

Panel to Address the Immediate Civil Society Response to the G20 Seoul Summit Outcome BANGKOK, THAILAND – Several representatives from the Task Force on Financial Integrity & Economic Development will appear on a panel Saturday at the 14th International Anti-Corruption Conference (IACC). The four day gathering of world leaders, academics, civil society representatives and private-sector business executives--all addressing the issue of international corruption--comes to a close Saturday evening in Bangkok. Task Force representatives François Valérian of Transparency International (TI), Raymond Baker of Global Financial Integrity (GFI), and Robert Palmer of Global Witness will join a few other representatives of...

SEOUL, KOREA – New plans from the G20 to tackle corruption and promote development are welcome commitments, said the Task Force on Financial Integrity and Economic Development (Task Force) following the conclusion of the G20 Summit in Seoul today. However, the group warned that key reforms were still missing.

Who is Mina Corp and why is the U.S. government doing business with it? Last week Andrew Higgins and Walter Pincus at the Washington Post wrote an article highlighting the U.S. military’s connection with this fairly mysterious company. The Subcommittee on National Security and Foreign Affairs of the U.S. House of Representatives' Committee on Oversight and Government Reform is investigating the contracts awarded to Mina Corp and its associated form Red Star Enterprises and is expected to publish a report on its findings sometime this month. While we wait for the report from Congressional investigators,...

The issue of stolen assets and their management, or lack of adequate management, by the global financial system is a component of the broader issue of illicit money and how it flows through the financial system to be transformed into licit, “usable” money. This physical process, often referred to as money laundering – a sort of modern alchemy, it is important for anyone to understand who is genuinely concerned with the fight against political or business corruption. In order to be successful at fighting corrupt practices, we need to know what these practices are and which ones work and which...