Financial Transparency Coalition

The first few months of FTC’s year have been as hectic as they have been diverse. From debates on the definition of illicit financial flows to technical submissions on beneficial ownership transparency, the FTC and its member organizations have been active around the globe. While the types of events and issues discussed varied, they all

Yesterday, the World Bank committed to examine ways to collect and publish information about the real owners of companies (also called “beneficial owners”) participating in Bank-financed contracts. We welcome the Bank’s leadership as the impact of its new procurement policy stands to affect a portfolio of about US $42 billion invested in more than 1,800

The World Bank was set up to help end extreme poverty and increase shared prosperity. To do so it issues more than $52 billion in loans each year by investing in projects ranging from education and health care, to roads and governance. Yet, the Bank, and borrowing countries, have been criticized for their involvement in

Since the financial crisis, we have heard a lot about the revenue governments lose to tax avoidance and evasion, but what about the losses resulting from corruption of governments’ procurement processes? Around the world governments spend $9.5 trillion each year on public works, goods and services. It should be no surprise that fraudsters, and the corrupt, take