Financial Transparency Coalition

PRESS RELEASE NEW YORK CITY—As the fallout from the Panama Papers continues to unfold, the massive scale of illicit flows across the globe illustrates the need for an intergovernmental tax commission at the UN to tackle these problems in an equitable and effective way.

PRESS RELEASE Investigations vindicate the need for strengthening of financial systems across the globe NAIROBI, 6 April 2016 – The recent revelation by the International Consortium of Investigative Journalists (ICIJ) of a systematic and complicit scheme of tax evasion involving major world leaders (past and present), wealthy individuals and a host of multinational corporations (MNCs)

In what is being referred to as the largest data leak in history, 11.5 million files of confidential information from global law firm Mossack Fonseca were leaked to the International Consortium of Investigative Journalists (ICIJ). Mossack Fonseca, based in Panama, operates in more than 40 offices worldwide, and is known for their work setting up

PRESS RELEASE The latest investigation from the International Consortium of Investigative Journalists (ICIJ) zeroes in on the Panama-based law firm Mossack Fonseca, and is perhaps the starkest example yet of how financial secrecy helps fuel crime, corruption, and inequality that stifle development around the globe.