U.S. Launch of the 2020 Financial Secrecy Index

WHATAs Congress considers measures to combat financial secrecy and end the formation of anonymous companies in the United States, the Tax Justice Network and the Financial Accountability and Corporate Transparency (FACT) Coalition ask you to join them on Capitol Hill for the U.S. launch of the 2020 Financial Secrecy Index (FSI).

Since 2009, the Tax Justice Network has produced the Financial Secrecy Index biennially, analyzing the level of secrecy in the world’s financial centers. It is the only comprehensive ranking that seeks to apply a methodical approach to defining secrecy jurisdictions. The previous iteration of the FSI, released in January 2018, rated the United States as the 2nd largest secrecy jurisdiction in the world, behind only Switzerland.

The 2020 FSI Launch Event will feature a presentation by TJN on the 2020 Financial Secrecy Index results, including where the U.S. falls in the new rankings and why. A panel of experts will then discuss the national security, law enforcement, human rights, and economic implications of financial secrecy in the United States as well as bipartisan legislation (such as the ILLICIT CASH Act and the Corporate Transparency Act) currently pending in Congress to tackle financial secrecy.

WHO: Jack Blum, Tax Justice Network; Annie Boyajian, Freedom House (TBC); David Luna, Chair, Anti-Illicit Trade Committee, U.S. Council for International Business (TBC); Tim Richardson, Fraternal Order of Police; Jodi Vittori, Transparency International Defense & Security; Eric LeCompte, Executive Director, Jubilee USA Network; Clark Gascoigne, The FACT Coalition - moderator 

WHEN: 9: 30 AM – 10:30 AM ET Wednesday, February 19

WHERE:  SD-106 Dirksen Senate Office Building
Washington, DC 20002

Jubilee USA Network is an alliance of more than 70 US organizations and 700 faith communities working with 50 Jubilee global partners. Jubilee builds an economy that serves, protects and promotes the participation of the most vulnerable. Jubilee USA has won critical global financial reforms and more than $130 billion in debt relief to benefit the world's poorest people. www.jubileeusa.org