Financial Transparency Coalition

The UK Government has announced that transparency and anti-corruption will be key elements at the G8 summit this year. Much needed action on money laundering provides an opportunity to live up to that promise. Corrupt money flows through the UK – in particular through our financial services industry. Nobody knows how much, but it is almost certainly many billions of pounds each year.

The Olympic Games are a wonderful celebration of excellence in sport. But is there a danger thatcorruption may have tainted the Games? As London prepares to launch the Games tomorrow, it is sobering to reflect on whether the event is living up to the ‘respect for universal fundamental ethical principles’ cited in the Olympic Charter.