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,...