Financial Transparency Coalition

Fittingly on International Anti-Corruption Day, more than 40 investigative journalists from all over the world signed a letter urging Jean Claude Juncker, President of the European Commission, and other legislators to finish what the European Parliament started in March: the creation of public registers of company ownership information. The proposed reform, currently being debated under a new anti-money laundering directive, would create registers to collect information on the real, human owner behind every company operating in the EU. Right now, it's all too easy to set up an anonymous company and use it for money laundering,...

We’ve been following the review of the European Anti-Money Laundering rules (AMLD) closely and reported on this fascinating policy-making process before. One of our key campaigns, the need for more transparency around those that own and control companies—known as beneficial ownership disclosure—is among the most important changes that are up for consideration. With so-called trilogue negotiations (behind closed-door negotiations between European parliamentarians and diplomats), this reform is entering a crucial phase. Unfortunately, it doesn’t seem that the different sides of the negotiating table speak the same language when transparency is concerned. A quick recap: in March, the European Parliament...

In the wake of last month's LuxLeaks investigation, the G20's heavy focus on tax avoidance and evasion, and the ongoing trilogue discussion in Europe over the 4th Anti-Money Laundering Directive, Ministers from Germany, France, and Italy have issued a letter calling on greater harmonization and strategy in fighting against tax evasion and avoidance.

"This strong initiative taken by the EU, which could be proposed by the end of 2014, would give Europe the leading place it deserves at the international level," said the letter, signed by Germany's Wolfgang Schäuble, France's Michel Sapin and Italy's Pier Carlo...

WASHINGTON D.C. — Newly leaked documents detailed by the International Consortium of Investigative Journalists describe worrying tax arrangements negotiated between Luxembourg and more than 340 multinational companies. The details of the agreements offer a first hand look at the methods use by corporations to shift profits around the world with ease. “While G20 leaders proclaim that