Financial Transparency Coalition

An influential American Senator has urged US President Barack Obama to push the G20 nations to bar tax haven banks from participating in the global financial system if they refuse to cooperate with investigations of tax evasion.

Ngozi Ikonjo-Iweala is MD of the World Bank. She’s spoken here and is saying that the importance of the issue we’re talking about – illicit financial flows – has not yet struck home. It’s time for it to take centre stage. She has directly endorsed action. Direct action, on the street, she says. She’s directly thanked the small coterie of us from civil society who are working on this issue – and has said this is the #1 issue for civil society and development now. There must be, she says, people on the streets demanding change. Placards are needed. And we must...

At the root of the public fascination with the fate of Michael Bryant is a question that lies at the heart of democracy: Do the rich and powerful get special treatment?

PARIS (Reuters) - France wants its banks to provide more details on the identity of people transferring money to tax havens and wants a new legal framework to be finalised by the end of September, the budget ministry said on Tuesday.