Financial Transparency Coalition

If you only watch one video today, this one is for you. Task Force member Global Witness published their stunning investigation today. The documentary uncovers how corruption is facilitated in Malaysia. Hidden cameras show Malaysian money launderers explaining exactly how they are going to set up an anonymous shell company (complete with finding rural villagers to sign their names on as nominee shareholders), buy massive amounts of land from corrupt Malaysian officials, and move the money to a secret Singapore bank account. Malaysia lost $285 billion in 2001-2010 to illicit financial outflows, and Global Witness has vividly demonstrated how such...

LONDON – WWF’s flagship scheme to promote sustainable timber – the Global Forest and Trade Network (GFTN) – is allowing companies to reap the benefits of association with WWF and its iconic panda brand, while they continue to destroy forests and trade in illegally sourced timber, a new briefing by Global Witness reveals. While GFTN is intended to reduce and eliminate such practices over the first 5 years of membership, systemic failures blight the scheme’s ability to deliver for forests.