The House Says Ending Anonymous Companies Is “Must-Pass.” It’s Time for the Senate to Act.
The House has shown it’s serious about ending the abuse of anonymous companies. Now the Senate must get this reform across the finish line.
Effective Coronavirus Response Demands an End to Financial Secrecy
Corruption thrives in crisis. As the nation rushes to stop the bleeding of the COVID-19 pandemic, new opportunities arise for bad actors—common criminals, corrupt officials, U.S. adversaries, and authoritarian regimes—to exploit gaps in the U.S. financial system for their own gain. Congress must spend the coming weeks not only readying the next economic response to COVID-19 but also tackling the long-standing vulnerability of U.S. financial secrecy, to keep the trajectory of the national and global recovery on course.
Former Treasury Special Agent Discusses New Book on Illicit Financial Flows
Outside of crimes of passion—for example, murder committed in a jealous rage—criminals, criminal organizations, kleptocrats, and some businesses and corporations are motivated by greed. In today’s increasingly interconnected world, the criminal manifestations of unchecked avarice impact all of us: politically, socially, economically, and culturally. Transnational crime affects our individual and collective security.
Congress Shouldn’t Stimulate Tax Dodgers or Fraudsters
As Congress debates the next round of stimulus funding and the nation grapples with the COVID-19 pandemic, it is worth taking a brief moment to make sure we are thoughtful in our response. It is integral to the health and prosperity of the American people that the policies designed to respond to this extraordinary moment …
Unaccountable: The Role of Accountancy Firms in International Financial Scandals
The revelatory Luanda Leaks by the International Consortium of Investigative Journalists (ICIJ) and 35 partner organizations exposed the critical role financial service providers – frequently Western – play in facilitating massive international financial scandals.
The World Bank has a Tax Havens Problem
This article was originally posted by Oxfam America. The controversial departure of its chief economist highlights the need for a coherent policy on tax and development. Last month, word got out that the World Bank’s Chief Economist Pinelopi Koujianou Goldberg was planning to leave her position after just over a year on the job. It’s the second transition …