In one of the strongest arguments for the adoption of a beneficial ownership registry to date, Brookings's Kelsey Landau outlines the political and economic threat that corporate anonymity poses in the U.S. for @lawfareblog.

#EndAnonymousCompanies
https://www.lawfareblog.com/advancing-beneficial-ownership-transparency-united-states

Goldman Sachs will the pay the Malaysian government at least $1.4bn in restitution for their role in the 1MDB scandal.

In our new report, we call for the continuous expansion of similar asset recovery programs and compensation for victims of bribery.
https://www.transparency.org/en/projects/exporting-corruption

The Revolving Door, Supercharged: a new @POGOBlog+@acdatacollectiv investigation details how the former client of a top HHS official won a department contract worth nearly half a billion dollars to supply a drug with questionable efficacy.
https://www.pogo.org/investigation/2020/10/hhs-inc-big-pharma-ties-draw-pandemic-response-concerns/

"Efforts to strengthen the policies and institutions that control corruption are often met by unethical officials and businesspeople trying to get around those rules, and massive corruption scandals continue to make headlines."

New @WorldBank blog→
https://blogs.worldbank.org/governance/what-can-we-learn-trends-corruption-and-anticorruption

TI-US Director Gary Kalman discusses the human cost of offshore finance in a new piece for @OffshoreInit.

Read it here: https://www.offshore-initiative.com/offshore-finance-hurts-us-all-of-us/

We're excited to read @TaxJusticeNet's most recent newsletter, which includes an editorial and five different featured articles that explore the links between corruption and national security.

Download the full newsletter here:
https://www.taxjustice.net/2020/10/21/offshore-national-security-and-britains-role/

It isn't just London — the real estate markets in Paris, New York City and Miami are popular with politically exposed persons (PEPs) seeking to buy up luxury assets.

In cases like the one below, the transactions remain largely opaque processes.
https://www.theguardian.com/uk-news/ng-interactive/2020/oct/18/revealed-sheikh-khalifas-5bn-london-property-empire

While the #FinCENFiles exposed cracks in the global financial system, the introduction of bipartisan legislation like the CROOK Act and ILLICIT CASH Act is a promising sign that Congress is willing and able to tackle the growing threat of dirty money.
https://www.icij.org/investigations/fincen-files/6-money-laundering-reforms-that-experts-say-need-to-happen-right-now/

Shell companies are used to pay bribes and stash the illicit proceeds of corrupt officials.

As highlighted in our new #ExportingCorruption report, the most critical reform needed to end this secrecy is the adoption of beneficial ownership registries.
https://www.transparency.org/en/blog/shell-companies-make-fighting-foreign-bribery-a-sisyphean-task-when-will-major-economies-realise