Financial Transparency Coalition

After resigning from Panama’s official effort to clean up its financial sector, Nobel-prize winning economist Joseph Stiglitz and transparency expert Mark Pieth have come out with their own independent report. And it’s a good one.

Half a year has passed since the corruption story of the year – the Panama Papers – revealed the real owners behind thousands of shell companies. Over 50 per cent of the shell companies uncovered in the Panama Papers were set up in the British Virgin Islands (BVI). As of June this year, BVI hosted

For the last few years, the G20 has been writing the script on financial transparency. Just last year, at the 2015 Summit in Turkey, G20 leaders signed off on two important measures being implemented by the Organization for Economic Cooperation and Development (OECD) to cut down on cross-border tax abuse and multinational profit shifting. But

The recent moves by the Panamanian government to clean up its image in the wake of the Panama Papers scandal may eventually lead to a more transparency and accountable financial sector. But only if the pressure is kept on the Panamanian government.