Financial Transparency Coalition

Britain’s credibility as a global leader in the fight to end corruption is under real threat.  Its fate lies in the hands of the Governor of a sunny, palm-fringed Caribbean island who was appointed by the UK itself. Last year, as chair of the G8, the UK committed to creating public registries of the real owners of companies. This was a hugely important move by the UK and one we support wholeheartedly. With global support, such a measure could put a stop to some of the worst problems of our time;...

13 May 2014 - The secrecy surrounding thousands of subsidiaries created in tax havens by leading UK companies has created a black hole at the heart of the FTSE100, a new Christian Aid report warns today. FTSEcrecy reveals an information void which threatens investors, customers and government regulators, because it leaves them without the facts they need to make good decisions about FTSE100 companies.

13 May 2014 - The secrecy surrounding thousands of subsidiaries created in tax havens by leading UK companies has created a black hole at the heart of the FTSE100, a new Christian Aid report warns today. FTSEcrecy reveals an information void which threatens investors, customers and government regulators, because it leaves them without the facts they need to make good decisions about FTSE100 companies.

While places like the Cayman Islands, Jersey, and the British Virgin Islands have begun entertaining the idea of public registers of beneficial ownership, today, they might have received the biggest nudge yet to move in that direction. But rather than come from civil society or advocacy groups, this time, the nudge comes all the way from 10 Downing Street.