Financial Transparency Coalition

The recent global financial crisis highlighted the need to broaden the discussion about regulation and oversight of the financial system. Transparency and related risk assessments of financial institutions have surged to the top of the agenda. In our study on transparency and disclosure of measures for reducing corruption risk among the world’s largest companies published today, financial companies constitute the single largest industry sector. Among the 24 financial institutions in the survey there are 19 banks, four diversified financial service providers and one insurance company. They are incorporated in 11 different countries: six in the US, four in China, three...

FBI Says Zetas Laundering Scheme Used BofA Accounts The Wall Street Journal (blog), July 9, 2012 Follow the Money: Media’s Involvement in Trailing Laundered Money Nigeria Intel (Civic Media Institute of Nigeria), July 9, 2012 Romney’s offshore tax havens helping cause the deficit problem he complains about MSNBC, July 9, 2012 Finance industry’s multimillion-pound lobbying

Manchester United, the world renowned English football club, is facing hard times financially. Although the club’s world class reputation speaks for itself (19 championships and a home to scores of star footballers), the club still depends heavily on cash flow. In 2005, the Glazer family (also owners of the Tampa Bay Buccaneers) bought out Manchester United from the London Stock Exchange for $1.47 billion, successfully taking on full ownership of the club (despite vehement public opposition.) Now, 7 years later, Man U is facing a massive debt crisis, according to the Associated Press.

Monday's Top News Stories from Global Financial Integrity.