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Campaigners give onshore and offshore secrecy jurisdictions the red light
November 25th, 2013
Some of the world’s most infamous secrecy jurisdictions, such as the British Virgin Islands and Jersey are considering becoming more transparent, whereas several G8 countries lag behind, said campaigners today. A new report, published by Global Witness and Christian Aid today on the eve of a meeting between the UK government and the heads of the Overseas Territories, grades each of the G8 countries and the UK’s tax havens as to how easy it is to find out the names of the ‘beneficial owners’ of companies – the people who ultimately own and control them. “Tax dodgers, child...
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EU countries must do more to combat corruption by better protecting whistleblowers
November 5th, 2013
Most European Union countries fail to legally protect whistleblowers enough from retaliation in the workplace, shutting out an important actor in the fight against corruption, according to a new report from Transparency International. Whistleblowers play a prominent role exposing and preventing corruption, yet only four EU countries – Luxembourg, Romania, Slovenia and the United Kingdom – have advanced whistleblower protection laws in place, according to the report Whistleblowing in Europe. Only in these four countries would a government or company employee who discloses serious wrongdoing be adequately protected by law from being fired or harassed. Of the remaining 23 EU countries...
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UK to introduce public registries that will disclose the beneficial owners of companies
October 31st, 2013
London, October 31, 2013 - David Cameron is expected to become the first leader of any country to commit to introducing a public register to reveal the true beneficial owner of companies. The Financial Transparency Coalition (FTC) strongly welcomes this move, as we have been calling on world leaders to put these public registries in place since our founding in 2009. We believe public registers of beneficial ownership will go a long way towards reducing corruption, money laundering and tax evasion.
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Campaigners challenge Cameron to keep promise to tackle company secrecy
October 24th, 2013
The UK government must use the Open Government Partnership summit in London next week to end the secrecy surrounding who really owns millions of UK companies, campaigners said today. Discussions are underway right now at the highest levels of government and campaigners are expecting a decision to be made by the end of this week.
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