Milestones in ASAP’s IFF Project

In December 2009, the Illicit Financial Flows project, in close collaboration with Global Financial Integrity (GFI), united the communities of activists addressing two concerns—illicit financial flows and human rights. The result was the first New Haven Declaration on Human Rights and Financial Integrity. The initial signatories of the New Haven Declaration reconvened at Yale University in December 2010, producing the New Haven Declaration on on Corporate Financial Transparency. Shortly thereafter, several participants—with over US$20 billion under management—sent a letter to the European Commission asking them to “require country-by-country reporting within the annual audited financial statements of all multinational corporations listed on a stock exchange.”