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Jun
19

USDOJ Statement on Indictment of Robert Stanford, Stanford Financial Group

Stanford Financial Group Executives and Former Chairman of Antiguan Bank Regulator Indicted for Fraud and Obstruction: Charges Related to $7 Billion Dollar Scheme to Defraud Investors.

Jun
18

Norwegian Commission on Capital Flight from Developing Countries: Tax Havens and Development

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A June 2009 Norwegian Commission on Capital Flight from Developing Countries report on illicit financial flows from developing countries and tax havens and put forward recommendations for reform efforts to be considered by the Norwegian Government.

Jun
18

Secretary Geithner’s Opening Statement before the U.S. Senate Banking Committee

Chairman Dodd, Ranking Member Shelby, members of the Banking Committee. I’m pleased to be here today to testify about the Administration’s plan for financial regulatory reform.

Jun
17

US: President Obama to Announce Comprehensive Plan for Regulatory Reform

WASHINGTON – President Obama will lay out a comprehensive regulatory reform plan this afternoon to modernize and protect the integrity of our financial system. While this crisis has had many causes, it is clear now that the government could have done more to prevent these problems from growing out of control and threatening our overall economy.

Jun
13

Statement by US Treasury Secretary Geithner at the G8 Finance Ministers Meeting

I want to thank Minister Tremonti for bringing us here to this beautiful city of Lecce. We meet at a time of transition in the global economy. The force of the economic storm is receding. There are encouraging signs of stabilization across many economies.

Jun
2

Aid Under Pressure: Support for Development Assistance in a Global Economic Downturn

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This report by the House of Commons recognizes the devastating impact that tax havens have on developing countries, stating: “developing countries suffer disproportionately from the existence of tax havens which prevent them receiving much-needed tax revenue which they should derive from economic activity within their borders. The ending of tax havens is necessary, not only for reasons of justice but also to promote good governance and robust management of public finances in poor countries.”

May
21

Senator Grassley’s Statement Regarding the US?Panama Free Trade Agreement

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I’ll begin by thanking the chairman for his leadership in scheduling today’s hearing on the U.S.¬Panama Trade Promotion Agreement. I also thank our witnesses for being here, and in particular, I want to extend a special welcome to Mr. Sam Carney, a pork producer from Adair, Iowa, and the president-elect of the National Pork Producers Council.

May
21

Senator Baucus’s Statement Regarding the US?Panama Free Trade Agreement

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We are here today to discuss our trade agreement with Panama, a country at the crossroads of the world. Panama links the Americas — North and South — with a land bridge that ties together two continents. Panama also links the world — East and West — with a canal that has changed the course of global trade.

May
20

Doggett and Levin’s Letter to Obama on the Panama Free Trade Agreement

Full text of the letter from Congressman Lloyd Doggett (D-TX), and Senator Carl Levin (D-MI) asking President Obama to address the issue of tax evasion before finalizing the Panama Free Trade Agreement.

May
13

Statement by Secretary Geithner on the Bank Secrecy Act Advisory Group Plenary Meeting

WASHINGTON — The U.S. Department of the Treasury today released the following statement from Secretary Timothy F. Geithner following the semi-annual plenary meeting of the Bank Secrecy Act Advisory Group (BSAAG).

May
4

President Obama’s Plan to Crack Down on Tax Havens

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On Monday, May 4, 2009, US President Barack Obama announced a detailed plan to crack down on tax haven abuse.

Mar
11

US Fact Sheet in Advance of G-20 Finance Ministers and Central Bank Governors Meeting

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The G-20 countries together must take aggressive action on two fronts – first, to ensure economic recovery and restart global growth, and second to reform supervisory and regulatory framework to prevent economic crises from occurring in the future. The United States will work with its G-20 counterparts in forging this global two-part response.

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