On December 6, the Brookings Institution, the German Marshall Fund of the United States, the Center for European Policy Analysis, the Transatlantic Democracy Working Group, the FACT Coalition, and the Leveraging Transparency to Reduce Corruption initiative will co-host a seminar on the fight against corruption and its relationship to advancing democracy and addressing democratic backsliding globally.
Casey Michel’s new book, “American Kleptocracy” (released Nov. 23), is an investigative look into how the U.S. built “the largest illicit offshore finance system the world has ever known” and how this system has “infected American politics, threatened US national security and gouged local communities.”
Operating in financial secrecy, bad actors are free to profit from environmental degradation, and in doing so undermine the global fight against climate change. As global leaders make new commitments this week at COP26, it’s time that politicians promise to shine a light on global financial secrecy, particularly the use of anonymous shell companies, as a crucial climate reform.
31 Civil Society Organizations Send Letter to FinCEN in Support of Strong Beneficial Ownership Implementation
The past week’s revelations through the “Pandora Papers” – the largest exposé to-date of how global politicians, business leaders, celebrities, and multinational companies use and abuse the “offshore” financial system – are both shocking and surprisingly familiar.
The International Consortium of Investigative Journalists, along with major news outlets such as the Washington Post, yesterday revealed the largest leak of private financial records to date, eclipsing the Panama Papers in scope and scale. The “Pandora Papers” confirm the use of a secretive “offshore” financial system that allows criminals, world leaders, and others to hide billions of dollars from authorities, fueling tax dodging and corruption.