Task Force Blog

Prime Minister’s Call For Greater Financial Transparency ‘Very Welcome’

10 years ago today: US Treasury Secretary finds offshore tax cheating amusing

News Corp. Investigation Sheds New Light on U.S. Chamber of Commerce Attack of FCPA

Real Patriots Pay Taxes

Monday’s Daily News Digest

IRS Delays Offshore Bank Reporting Rule Without Touching Policy

The Hill Features GFI’s Danziger on Financial Transparency

Friday’s Daily News Digest

South Sudan: America’s Opportunity to Lead on Resource Corruption

Paper: the role of Wild West Dublin financial centre in the financial crisis

Who’s In?

Thursday’s Daily News Digest

U.S. Senate Report: Tackle Money Laundering to Curtail Drug Trafficking

May 20, 2013

WASHINGTON, DC / LONDON – A bipartisan Congressional report published Thursday by the U.S. Senate Caucus on International Narcotics Control (Senate Drug Caucus) emphasizes cracking down on money laundering as key to curtailing the illicit drug trade. Quoting heavily from Global Financial Integrity (GFI) experts and research, the study endorses eliminating anonymous U.S. shell companies through the passage of the bipartisan Incorporation Transparency and Law Enforcement Assistance Act, bolstering enforcement of existing anti-money laundering (AML) policies, and strengthening anti-money laundering laws through passage of the bipartisan Combating Money Laundering, Terrorist Financing and Counterfeiting Act.

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