- This TTF Group has a very specific purpose – to help countries outside the USA gain access to a unified database that combines many kinds of regulatory violations including those committed by financial services organisations, including banks. Created by the USA-based NGO Good Jobs First, “Violation Tracker” is now being replicated in the UK, with an October 2021 scheduled rollout.
First launched in the USA in 2015, Violation Tracker is a first class resource, the TTF is helping to accelerate its international expansion.
What exactly is Violation Tracker?
It’s a database that shows which corporations have broken the rules; which rules they have broken and how much they have been penalized for those violations. The violations span a wide range of issues: environmental pollution, workplace abuses including wage theft and health and safety violations, consumer rip-offs, anti-competition findings, mortgage and other banking frauds, whistleblower firings, bribery and corruption, price gouging, and more.
The US Violation Tracker captures thousands of penalties imposed upon firms headquartered in the UK and other non-US nations; it captures the records of more than 300 US federal and state agencies and prosecutor offices. Violation Tracker UK will do the same thing, to the extent facilities created by foreign direct investment may incur regulatory penalties.
You can think of Violation Tracker as a:
- “Transparency Machine” or as an
- “MRI Scanner for corporate malpractice, malfeasance, misconduct and mis-selling” or as a
- “Sindex”
This TTF Group will be of particular interest to:
- Corporate governance experts
- Regulators and regulatory experts
- Pension funds and pensions professionals including scheme trustees
- Asset managers; particularly those with a strong ESG orientation
- Climate change & sustainability activists and campaigners – it provides superb “campaign capital”
- Thought leaders and academics
- Politicians and policymakers
- Trades Unions
- Lawyers and litigators
- Media Professionals, particularly investigative journalists
This TTF Group’s cause is both noble and necessary; and we’re pleased to report that an impressive list of “dream team” stakeholders have already stepped up to work together to help make become Violation Tracker UK a reality; see this press release.
Please do get in touch if you would like to be included – all help wanted and appreciated, however small.
If you’re not yet familiar with Violation tracker, see here.