Sonntag, 29.03.2020 07:11 Uhr

Reporters awarded for exposing illicit money trails

Verantwortlicher Autor: Jochen Raffelberg Brussels, 18.02.2020, 16:04 Uhr
Nachricht/Bericht: +++ Mixed News +++ Bericht 4410x gelesen

Brussels [ENA] The European Money Trail project offers reporters from Africa, Asia and Europe substantial grants to investigate cross-border illicit financial flows and tax abuse in their continents. Journalismfund.eu awards the endowments in order to primarily expose corruption and money laundering. The project is conducting ten application rounds by 2020. The total amount per call is about EUR50,000. Deadline is 16 March.

The Brussels-based journalismfund.eu, formerly known as the Pascal Decroos Fund was founded in 1998 initially to further quality and investigative journalism in Flanders and abroad. On 22 January 2013, the Pascal Decroos Fund officially took over the name of its European activity and became journalismfund.eu. There is also a separate call for Dutch-speaking journalists to investigate cash flows to and from Africa or Asia that are channeled through the Netherlands. Deadline for this call is also March 16. Money Trail is a collaborative project between journalismfund.eu, Finance Uncovered, Free Press Unlimited and Oxfam Novib.

In Money Trail, journalismfund.eu offers working grants for (teams of) African, Asian and European journalists to investigate cross-border illicit financial flows, tax abuse money laundering and corruption in Africa, Asia and Europe. Grants are awarded to journalists solely by journalismfund.eu, with no input or oversight at any stage from the consortium as a whole. While intercontinental journalist teams from Africa, Asia and Europe can apply for the funds, exceptional proposals from individual journalists in Africa and Asia whose story includes an offshore element in a national story - where the money trail leads to a tax haven – could also be accepted.

European journalists planning on applying must collaborate with an African or Asian journalist. Foreign correspondents in Africa or Asia must collaborate with local journalists. In order to be eligible for application, the journalists have to ensure that their story will be published. Therefore, during the application procedure, they will be asked to upload commitment of publication from relevant media organizations. Dutch-speaking journalists can apply for a one-off Money Trail opportunity for investigations published in the Netherlands. This is a separate call for journalists to investigate cash flows to and from Africa or Asia that are channeled through the Netherlands.

The organizers say Money Trail exists because countries throughout the world lose billions of dollars through tax abuse, money laundering and grand corruption. Investigative journalism is key to combating this situation. Such work clearly could have tremendous impact. Brilliant reporting by journalists and some notable civil society organizations had resulted in revenue authorities and enforcement agencies recovering desperately needed funds and politicians had been forced to act.

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