Financial Transparency Coalition

This study examines the magnitude of illicit financial flows from India, analyzing the drivers and dynamics of these flows in the context of far-ranging reform. In the process, it represents perhaps the most comprehensive study on the subject matter, both in terms of the range of issues involved and the time span covered. At its heart is a dynamic simulation model which seeks to capture the interaction of economic, structural, and governance issues that underlie the generation and crossborder transfer of illicit capital.

Leaders from the world's largest economies - the G20 - will meet tomorrow and Friday in Seoul, South Korea to discuss the future of our international financial system. They have an unprecedented opportunity to institute changes to create a transparent global financial system that is open, accountable, fair and beneficial for all. As you probably know, developing countries are losing $1 trillion every year due to crime, government corruption, and tax evasion. These illicit monetary outflows are roughly ten times the amount of aid money going into developing countries for poverty alleviation and economic development. Click...

WASHINGTON, D.C.—The Task Force on Financial Integrity and Economic Development (Task Force) will have spokespersons available to provide commentary and insights related to the 2010 G-20 Seoul Summit November 11th and 12th.

The Thomson Reuters Foundation is partnering with the Norwegian Agency for Development Cooperation (Norad) to hold workshops for journalists in African countries to improve their expertise in financial journalism (Full Disclosure: Norad is also a major financial supporter of the Task Force on Financial Integrity & Economic Development). The sessions will have a specific focus on how to track illicit financial flows out of the developing world. From Thomson Reuters:

About 100 journalists, spread over eight courses in different African locations in the course of the next year, will receive intensive training to hone their financial reporting and analytical...