Financial Transparency Coalition

MEP Accepted Award at Gala Dinner in Washington, DC WASHINGTON, DC — Friday evening, Global Financial Integrity (GFI) presented its 2010 award for Exemplary Leadership to European Parliament Member Eva Joly in honor of her tireless work against corruption and fraud. Ms. Joly accepted the award at a gala dinner held in her honor at a private club Friday evening, December 10, 2010 in Washington, DC. “Ms. Joly’s career is distinguished and defined by her work against corruption,” said...

WASHINGTON, DC —“The Drivers and Dynamics of Illicit Financial Flows from India: 1948-2008,” released today from Global Financial Integrity (GFI), estimates that tax evasion, crime, and corruption have removed gross illicit assets from India worth US $462 billion. The report also finds that the faster rates of economic growth since economic reform started in 1991 led to a deterioration of income distribution which led to more illicit flows from the country. Moreover, the report finds that the poor state of governance is reflected in a growing underground economy which in turn has fueled more transfers of illicit capital...

Task Force member Global Financial Integrity has teamed up with several prominent American NGOs to call on the United States Government to take the lead on addressing transparency in the international financial system at this week's G20 Summit in Seoul. Here's GFI's full statement about the coalition:

United States: Promote Global Financial Transparency at G20 Summit

Greater Accountability Would Improve Development and Rights, Alleviate Poverty

WASHINGTON, DC—The United States should press for greater transparency and accountability in the global financial system at the G20 Summit meeting in Seoul, a coalition...

WASHINGTON, DC—The United States should press for greater transparency and accountability in the global financial system at the G20 Summit meeting in Seoul, a coalition of civil society organizations said today. The G20 Advocacy Coalition brings together varied organizations - that share the view that increased transparency is essential to promoting economic development, alleviating poverty and realizing enjoyment of economic and social rights.