Opaque financial system faces new force - Spear's Magazine

Opaque financial system faces new force

What is described as a unique global coalition of civil society organizations and more than 50 governments has been launched in Washington to address the inequalities in the financial system.

What is described as a unique global coalition of civil society organizations and more than 50 governments has been launched in Washington to address the inequalities in the financial system.

The Task Force on Financial Integrity and Economic Development advocates greatly improved transparency and accountability in the global financial system.

According to the agency, the opacity and complexity of the financial system, enabled by financial institutions, laundering techniques and more than 70 secrecy jurisdictions, is at “the heart of the current financial crisis and significantly impedes the ability of poor countries to develop their economies.”

For further details, visit thewealthnet



 

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