Financial Transparency Coalition

PRESS RELEASE As 6th Financial Transparency Conference ends, work on illicit financial flows is only getting started Though local and regional contexts vary, participants from around the world see common thread in issues of tax and transparency  

LONDON - The European Commission took a vital step on Tuesday towards helping millions of people in poor countries to benefit from their natural resources by proposing legislation requiring EU-based oil, gas, mining and timber companies to publicly disclose their payments to governments for each project that they invest in around the world.

On October 12th, 2002, a group of terrorists detonated three bombs on the island of Bali in Indonesia, killing 202 and injuring 240 more. The two larger bombs targeted foreign tourists in a nightclub area and the smaller bomb detonated outside the United States consulate and caused minor damage. In 2008, Indonesia executed three of the more than 30 people convicted in connected with the mass murders. Many of these convicts were associated with Jemaah Islamiyah (JI), a militant Islamist group in Southeast Asia. The United States believes JI has ties to al-Qaeda and (had) a relationship with Osama...

JAKARTA (AFP) — Indonesia has succeeded in dismantling a major new Al-Qaeda-style terrorist network but corruption and complacency threaten to unravel its gains against home grown extremists, a think tank said Tuesday.