Financial Transparency Coalition

Global Financial Integrity Applauds Shareholder Initiative

WASHINGTON, DC--Global Financial Integrity (GFI) applauds Harrington Investments, Inc.’s decision to file shareholder resolutions with Citigroup, Bank of American and JPMorgan Chase, calling for the adoption of a policy position addressing the systemic use of the U.S. financial system to both shelter illicit funds and transfer them internationally. The shareholder resolution follows a difficult year in which we saw Wachovia Bank sanctioned for laundering millions of dollars for South American drug cartels, HSBC agreeing to sanctions from the U.S. Comptroller of the Currency for failure to maintain adequate anti-money laundering programs, and the...

Panel to Address the Immediate Civil Society Response to the G20 Seoul Summit Outcome BANGKOK, THAILAND – Several representatives from the Task Force on Financial Integrity & Economic Development will appear on a panel Saturday at the 14th International Anti-Corruption Conference (IACC). The four day gathering of world leaders, academics, civil society representatives and private-sector business executives--all addressing the issue of international corruption--comes to a close Saturday evening in Bangkok. Task Force representatives François Valérian of Transparency International (TI), Raymond Baker of Global Financial Integrity (GFI), and Robert Palmer of Global Witness will join a few other representatives of...

The Task Force on Financial Integrity & Economic Development released the below statement earlier today in response to the outcome of the G20 Seoul Summit: SEOUL, KOREA – New plans from the G20 to tackle corruption and promote development are welcome commitments, said the Task Force on Financial Integrity and Economic Development (Task Force) following the conclusion of the G20 Summit in Seoul today. However, the group warned that key reforms were still missing. “The Seoul Development Consensus for Shared Growth, includes some innovative ideas like strengthening tax collection powers in...

SEOUL, KOREA – New plans from the G20 to tackle corruption and promote development are welcome commitments, said the Task Force on Financial Integrity and Economic Development (Task Force) following the conclusion of the G20 Summit in Seoul today. However, the group warned that key reforms were still missing.