This report assesses the national anti-money laundering framework in six European countries: Czech Republic, Italy, Luxembourg, the Netherlands, Portugal and Slovenia. It focuses on beneficial ownership transparency, a key aspect of the fight...
Yesterday Global Witness and Finance Uncovered published an investigation into dealings between Shell, its joint venture partner – the Italian oil giant Eni – and the Nigerian government. In 2011, Shell and Eni paid 1.1 billion USD for oil block...
TI Netherlands just published a new report entitled ‘Behind The Scenes: Beneficial Ownership Transparency in the Netherlands’. The report, which is available here, demonstrates that the Netherlands has a relatively good understanding of...
On April 3rd 2016 – exactly a year ago, the Panama Papers, a trove of 11.5 million files leaked from the Panama-based law firm Mossack Fonseca, revealed how the global financial industry sells financial secrecy to politicians, football players,...
Today, revelations that billions of dollars of Russian money has been laundered through Europe shows the urgent need for the EU to clamp down on the kind of anonymous shell companies which allows corrupt cash to flow through European banks and...
Today, Transparency International EU welcomed the European Parliament’s committee vote to end secrecy around the ultimate beneficial owners of companies and trusts active in the EU, in revisions to the 4th Anti-Money Laundering Directive. The...
2016 has been dotted with major leaks into how the rich, powerful and corrupt utilise the global financial system to hide their wealth, be it from the tax man or the law. But after the Panama Papers, the Bahamas leaks and the Football leaks, how...
Today’s leak by the International Consortium of Investigative Journalists (ICIJ) of the directors of companies registered in the Bahamas, including that of former EU Commissioner Neelie Kroes, shows the need to end secret companies and for greater...
Transparency International EU today welcomed the European Commission’s steps to give the public access to information on who ultimately controls and benefits from secret companies. Unfortunately, the Commission left loopholes that will allow...
