Financial Transparency Coalition

There’s a lot of work to be done to curb illicit financial flows. Though we’ve seen substantial movement towards financial transparency over the past few years, it’s important that we keep advocating for the common sense initiatives that will help curb the nearly $1 trillion leaving developing countries illicitly every single year. Media and communications work is

It pains me to report that The Economist published a shoddy piece of journalism today on the U.S. Foreign Corrupt Practices Act.   The article can be read in full here. Heather Lowe, Legal Counsel and Director of Government Affairs at Global Financial Integrity, has responded to the article by publishing the following comment on The Economist's website:

I am quite surprised by both the tenor and lack of critical analysis in this particular piece. It is important that Economist readers understand the following:

Apparently nobody at Reuters read my post yesterday about the media's skewed coverage of the OECD grey list and the signing of TIEAs. I wrote regarding the media's coverage of Luxembourg coming off the OECD grey-list:

But there is an entirely separate side to this story that hasn’t permeated the coverage at all: the OECD standards are useless in any practical sense, and under these standards wealthy tax evaders will still feel perfectly safe stashing their money in Luxembourg. As we discuss extensively on this website – the OECD’s standards require a...