Financial Transparency Coalition

The Economist published a chart today which shows a disturbing trend in American business.  Economist.com’s Daily Chart shows the number of “suspicious activity reports” which were reported to the Financial Crimes Enforcement Network (FinCEN) at the US Treasury Department for each year between 1997 and 2008. I’ll let the graph speak for itself: To read

NEW YORK (Reuters) - For anyone who believes crime doesn't pay, tell that to the New York state legislator who introduced a "Madoff" bill on Monday. Rich New Yorkers convicted of crimes would be forced -- if his bill becomes law -- to pay the state and federal governments for how much it costs to keep them in jail.

The recent conviction and sentence of an American billionaire, Bernard Madoff, to 150 years in prison for investment fraud may have again brought to the fore the need to strengthen Nigeria’s justice system in order to bring those who contravene the law, especially the rich to book. DAVIDSON IRIEKPEN writes.

Wall Street Journal: The Internal Revenue Service has stepped up scrutiny of offshore accounts and foreign income, an enforcement campaign that could sweep up tens of thousands of taxpayers.