The Task Force on Financial Integrity and Economic Development is a unique global coalition of civil society organizations and more than 50 governments working together to address inequalities in the financial system that penalize billions of people. Launched by Global Financial Integrity in January 2009, the Task Force advocates for greatly improved transparency and accountability in the global financial system.

 

The Task Force on Financial Integrity and Economic Development advocates five priorities in addressing the current global financial crisis, each one focusing on transparency and extending initiatives that have already begun to be put into place:

 

1. Curtailment of mispricing in trade imports and exports;

2. Country-by-country accounting of sales, profits, and taxes paid by multinational corporations;

3. Confirmation of beneficial ownership in all banking and securities accounts;

4. Automatic cross-border exchange of tax information on personal and business accounts;

5. Harmonization of predicate offenses under anti-money laundering laws across all Financial Action Task Force cooperating countries.

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