Financial Transparency Coalition
Predecessor | Task Force on Financial Integrity and Economic Development |
---|---|
Formation | 2013 |
Type | Task Force made up of Coalition of NGOs and Governments |
Purpose | Stem illicit financial flows |
Location |
|
Website | www |
The Financial Transparency Coalition is a group that brings together civil society and governments around the world to stem illicit financial flows[1] that are costing developing countries nearly a trillion dollars[2] each year. The Coalition was formerly known as the Task Force on Financial Integrity and Economic Development.[3]
Membership[]
According to its website, the members of the coordinating committee responsible for its operations are , Christian Aid, Eurodad, Fundación SES, Global Financial Integrity, Global Witness, , Tax Justice Network, , and Transparency International. Coalition administration is managed by a neutral secretariat based at the Center for International Policy in Washington, DC.
The Coalition includes a non-voting Partnership Panel of Governments and Foundations. Its members are:[4]
- Canadian International Development Agency
- Ford Foundation
- Government of Belgium
- Government of Chile
- Government of Denmark
- Government of Finland
- Government of France
- Government of Germany
- Government of Greece
- Government of India
- Government of the Netherlands
- Government of Norway
- Government of Peru
- Government of South Africa
- Government of Spain
- Leading Group on Innovative Financing for Development
Policy[]
The Coalition advocates around six policy areas for greater financial transparency – public country-by-country reporting of sales, profits, and taxes paid by multinational corporations; public registers of beneficial ownership of business entities; automatic cross-border exchange of tax information; open data; ensuring that the institutions making international standards are equitable; holding the enablers of illicit financial flows accountable.[5]
See also[]
- Financial Action Task Force on Money Laundering
- Illicit financial flows
- Raymond W. Baker
External links[]
- (in English) Official website
- (in English) Official blog
- Financial Transparency Coalition on Facebook
- on Twitter
References[]
- ^ Blum, Jack. "David Cameron could make Bermuda open up on taxes – if he wanted to". The Guardian. Retrieved January 30, 2014.
- ^ Dev Kar; Brian LeBlanc (2013). "Illicit Financial Flows from Developing Countries: 2002-2011 A December 2013 Report from Global Financial Integrity". Global Financial Integrity. Retrieved January 30, 2014.
- ^ Rubenfeld, Samuel (May 31, 2013). "Corruption Currents: From Vatican Bank Image Redux to Adopting Rules". Wall Street Journal. Retrieved January 30, 2014.
- ^ "Partnership Panel". FinancialTransparency.org. Financial Transparency Coalition. Retrieved January 30, 2014.
- ^ "Financial Transparency Coalition Overview". FinancialTransparency.org. Financial Transparency Coalition. Retrieved January 30, 2014.
- Crime prevention