Financial Transparency Coalition

During the last decade, Russia has expanded its interests and presence in Africa by investing in the mining sector and increasing military support to fragile states, primarily through private military contractors and mercenaries.

LONDON – Christian Aid has welcomed a new from the World Bank for countries to exchange information about who really owns companies, bank accounts and other financial assets within their borders, in a bid to help recover the billions currently stolen from poor countries each year.

LONDON – Global Witness welcomes today’s recognition by the Financial Services Authority (FSA) that the majority of Britain’s banks are failing to do enough to identify corrupt money from abroad and that it is ‘likely that some banks are handling the proceeds of corruption’.