Disclosing Corporate Payments to Foreign Governments on Remittances

New Orleans There is some low-grade whining about some of the amendments that were added to the Dodd-Frank legislation last year which was intended to hold financial institutions more accountable.  Congressman Barney Frank successfully added an amendment requiring companies to disclose payments to foreign governments around oil and natural gas extraction.  Other companies are required …

Informal Hawala Remittance System Huge, Competitive, and Dangerous

New Orleans Yesterday on the ACORN International website (www.acorninternational.org), we released the third of our investigative, research reports in connection with our Remittance Justice Campaign.  The bottom line is that the amounts of informal transfers are huge and underestimated.  They are wildly cheaper by many orders of magnitude (0.25% to 1.25% compared to World Bank …