Financial Transparency Coalition

{{infobox Organization

| name = Financial Transparency Coalition

| image =

| image_size = 220px

| caption =

| purpose = Stem illicit financial flows

| motto =

| predecessor = Task Force on Financial Integrity and Economic Development

| formation = {{start date |2013}}

| type = Task Force made up of Coalition of NGOs and Governments

| location = Washington, D.C., United States

| leader_title =

| leader_name =

| website = {{url|http://www.financialtransparency.org/}}

}}

The Financial Transparency Coalition is a group that brings together civil society and governments around the world to stem illicit financial flows{{cite web|last=Blum|first=Jack|title=David Cameron could make Bermuda open up on taxes – if he wanted to|url=https://www.theguardian.com/profile/jack-blum|work=The Guardian|accessdate=January 30, 2014}} that are costing developing countries nearly a trillion dollars{{cite web|title=Illicit Financial Flows from Developing Countries: 2002-2011 A December 2013 Report from Global Financial Integrity|url=http://iff.gfintegrity.org/iff2013/2013report.html|work=Global Financial Integrity|accessdate=January 30, 2014|author=Dev Kar|author2=Brian LeBlanc|year=2013|archive-date=May 31, 2019|archive-url=https://web.archive.org/web/20190531205109/http://iff.gfintegrity.org/iff2013/2013report.html|url-status=dead}} each year. The Coalition was formerly known as the Task Force on Financial Integrity and Economic Development.{{cite news|last=Rubenfeld|first=Samuel|title=Corruption Currents: From Vatican Bank Image Redux to Adopting Rules|url=https://blogs.wsj.com/riskandcompliance/2013/05/31/corruption-currents-from-vatican-bank-image-redux-to-adopting-rules/|accessdate=January 30, 2014|newspaper=Wall Street Journal|date=May 31, 2013}}

Membership

According to its website, the members of the coordinating committee responsible for its operations are Centre for Budget and Governance Accountability, Christian Aid, Eurodad, [https://www.sesamericalatina.com/ Fundación SES], Global Financial Integrity, Global Witness, LATINDADD, Tax Justice Network, Tax Justice Network Africa, and Transparency International. Coalition administration is managed by a neutral secretariat based at the [http://www.ciponline.org Center for International Policy] in Washington, DC.

The Coalition includes a non-voting Partnership Panel of Governments and Foundations. Its members are:{{cite web|title=Partnership Panel|url=http://www.financialtransparency.org/about/partnership-panel/|work=FinancialTransparency.org|publisher=Financial Transparency Coalition|accessdate=January 30, 2014|archive-date=April 10, 2015|archive-url=https://web.archive.org/web/20150410045052/http://www.financialtransparency.org/about/partnership-panel/|url-status=dead}}

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.{{cite web|title=Financial Transparency Coalition Overview|url=http://www.financialtransparency.org/about/overview/|work=FinancialTransparency.org|date=2 July 2009 |publisher=Financial Transparency Coalition|accessdate=January 30, 2014}}

See also

References