Financial Transparency Coalition

Today, Transparency International (TI) has released a detailed and powerful report looking at how well the G20 countries are living up to the promises they made a year ago to tackle corporate ownership secrecy. As the leaders of the world’s biggest economies noted at the November 2014 Brisbane summit: Improving the transparency of legal persons

G20 governments including the US and China have failed to deliver on their promise to fight corruption by adopting laws to end the secrecy that makes it easy for the corrupt to hide their identity and shift money across international borders. As much as $2 trillion is laundered each year, much of it by hiding

The OECD, a club of rich countries that dominates rule-setting for global financial transparency standards, recently published a Handbook for implementing its new global tool for countries to co-operate in fighting tax evasion, known as the Common Reporting Standard (CRS). The new handbook is part of a series of milestones in the CRS’ roll-out following its initial

Over the past few years, there’s been a great deal of movement on the issue of country by country reporting (CBCR) for multinational corporations (MNCs). The G20 and OECD have developed new reporting requirements as part of their Base Erosion and Profit Shifting (BEPS) initiative, and the European Parliament has gone even further, calling for