Do you care about stamping out corruption, money laundering and tax dodging? The Financial Transparency Coalition (formerly the Task Force on Financial Integrity and Economic Development) is looking for a dynamic individual, with a proven track record of achieving policy change, and ‘intelligence’ of the EU/Brussels environment and structure. This is an exciting opportunity to lead EU advocacy on an influential advocacy campaign to curb illicit financial flows. Further information about the Coalition can be found at www.financialtaskforce.org
The next 18 months present important opportunities to influence EU legislation: The EU is now in a process to update its anti-money laundering directive, including by taking steps to increase transparency over the ownership of companies. Moreover the European Commission has launched an action plan to crack down on tax evasion and avoidance. There is also movement on the long stalled revision to the savings tax directive, which provides an opportunity to push for further steps automatic exchange of information.
New Delhi – The Task Force on Financial Integrity and Economic Development (Task Force), in partnership with the Centre for Budget and Governance Accountability, hosted its first Asia regional conference, Financial Transparency: Challenges and Opportunities for Developing Countries, at the India Habitat Centre today.
TOKYO – As the IMF and World Bank pursue implementation of tax policies in developing countries, members of Civil Society worry that these powerful institutions are putting the interests of international investors above those of the democratic governments of developing countries.
OECD – During his visit to Tunisia, the Secretary-General of the Organisation of Economic Co-operation and Development (OECD), Angel Gurria, met with the Tunisian Prime Minister, as well as government ministers and the President of the National Constituent Assembly, in order to discuss the co-operation between Tunisia and the OECD.
Thank you to the Center for Complex Operations and the State Department for providing me with an opportunity to speak to you here today. I have been asked to present on this particular panel because my organization, Global Financial Integrity, attempts to quantify illicit capital flight leaving developing countries and find ways to curtail that illicit capital flight.
Our definition of illicit capital flight is where the movement of money is breaking laws in either the country of original, a country of transit or the destination country. We look at how the international financial system facilitates, and indeed encourages, that illicit capital flight. Our original interest in this issue was development-based, but it has become increasingly clear to us that illicit capital flight is a serious and growing problem not only for developING countries, but developED countries as well. And it is not just an economic and development issue, it is a global stability and national security problem as well.
WASHINGTON DC / LONDON – In 2009, leaders of the world’s 20 most powerful nations declared “the era of bank secrecy is over.” Today, bank secrecy is not over. In fact, many tax havens are thriving.
WASHINGTON / BRUSSELS – A group representing over a thousand civil society organizations has sent a letter to European Internal Markets Commissioner, Michel Barnier, asking for legislation requiring all companies to reveal their true owners, as part of the ongoing revision of Europe’s anti-financial crime laws.
The Dodd-Frank Wall Street Reform and Consumer Protection Act, the most sweeping financial law enacted since the Great Depression, is supposed to protect investors and shield the economy from bubbles and speculation. Its promise is hard to judge; many detailed rules are still being drafted. What can be said with confidence is that Dodd-Frank has been a boon for lobbyists.
Russia today took a major step toward upholding international anti-bribery standards by depositing its instrument of accession to the OECD Convention at a ceremony at the OECD in Paris.
OECD Secretary-General Angel Gurría received Russia’s instrument of accession from First Deputy Minister of Foreign Affairs Denisov and First Deputy Minister of Justice Fedorov.
OECD Secretary-General Angel Gurría received Russia’s instrument of accession from First Deputy Minister of Foreign Affairs Denisov and First Deputy Minister of Justice Fedorov.
WASHINGTON DC / LONDON – The Task Force on Financial Integrity and Economic Development (TF) welcomes moves to tackle tax dodging announced by the global body charged with fighting financial crime.
WASHINGTON, DC – Anti-poverty groups and supporters of financial transparency today urged the oil industry to drop its attacks on a new law that will reduce corruption and reveal the money trail between industry and resource-rich governments.
WASHINGTON DC – South Africa announced today that it has joined the Partnership Panel of the Task Force on Financial Integrity and Economic Development. Partnership Panel members also include the governments of Chile, Denmark, France, Germany, Greece, India, the Netherlands, Norway and Spain, the Canadian International Development Agency, and the Ford Foundation.
Do you care about stamping out corruption, money laundering and tax dodging? The Financial Transparency ...
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