Financial Transparency Coalition

Does legal corruption exist? Unfortunately yes, and it poses a major challenge to the anti-corruption fight. Friendship is hardly banned by law, but friendship between political leaders and business people can hurt credibility or legitimacy of the decisions of the former, when the latter make them friendly gifts or donations. The claim for transparency is also a claim for true accountability of the decision makers, whether in the political or in the business world. Informal and opaque networks often advance their financial interests by using the discrepancy between what is formally condemned by law and what would shock every honest...

Last night, 194 non-governmental organizations (NGOs) from the UNCAC Civil Society Coalition released a statement calling on the G20 Finance Ministers to tackle the issue of illicit financial flows at their meeting in Washington later this month. The statement essentially mirrors the text of the G20 Transparency Petition - an initiative from Global Financial Integrity to gather 100,000 signatures calling on the G20 to address the serious issue of illicit financial flows by creating transparency in the international financial system. You can add your list to the petition at www.G20Transparency.com. Scroll down...

Full Remarks of Attorney General Eric Holder at the Opening Plenary of the VI Ministerial Global Forum on Fighting Corruption and Safeguarding Integrity in Doha, Qatar.