Financial Transparency Coalition

I read an article from The Wall Street Journal (WSJ) today detailing the settlement of charges by United States and New York prosecutors against UK-based Barclays PLC for accepting money from sanctioned countries. The bank was accused of concealing the origins of and then accepting money from Cuba, Libya, Iran and other sanctioned countries whose money may not legally enter the United States.

According to U.S. prosecutors, Barclays followed instructions from foreign banks to omit their names from payment messages. Barclays also routed certain payments through an internal account so they would appear to be coming from...

The New York Times is reporting that the US Treasury has determined that developing countries need a lot more money to cope with global climate change - but the Treasury doesn't know where to find the money. The Treasury department is expected to present their findings in a paper to the G-20 in Pittsburg. From the NYT:

The paper (pdf), to be presented along with two others when G-20 leaders meet in Pittsburgh this month, calls for public financial flows "to be increased significantly beyond existing levels, starting in the near...