Six banks operating in the UAE have been fined for failing to comply with the OECD’s Multilateral Administrative Agreement for Automatic Exchange of Information and Common Reporting Standard (CRS) according to a Central Bank of the UAE (CBUAE) statement. The… Read More ›
Reintroducing large commercial banks into the oil and gas commodity trade could be a way to reduce the volume of illicit financial flows (IFFs) out of resource-rich developing countries according to a new report published by the Organisation for Economic… Read More ›
Tax abuse by multinationals and ultra-wealthy individuals causes annual tax losses of US$483 billion worldwide according to a new report by the Global Alliance for Tax Justice, Public Services International and the Tax Justice Network. The largest share of tax… Read More ›
Today marks the launch of the Global Operational Network of Anti-Corruption Law Enforcement Authorities (GlobE Network), a major international operational network for information exchange between anti-corruption law enforcement authorities. The initiative was developed in partnership with the G20 countries and… Read More ›
Transparency International (TI) has published a new report which shows how some of the world’s richest countries fail to enforce laws against foreign bribery. Exporting Corruption examines 47 leading global exporting countries of which 43 are signatories of the Organisation… Read More ›
Countries are losing a total of over US$427 billion in revenue each year due to tax abuse by multinational corporations and private actors according to the first ever State of Tax Justice report. Published jointly by the Tax Justice Network,… Read More ›