Financial Transparency Coalition

The Corruption Perceptions Index highlights corruption in the public sector. But what exactly does this mean?

Task Force member Transparency International today released the 2012 Corruption Perceptions Index. Their study found the least corrupt country to be Denmark, and the most corrupt to be Somalia. From their press release...

The International Corporate Accountability Roundtable (ICAR) has a new report out that looks at customer due diligence rules. Banks are currently required to perform certain kinds of customer due diligence to check for several different categories of things, including corruption risk. The report analyzes the status quo regarding customer due diligence rules, and begins to address whether or not a rules addressing similar processes for human rights concerns would be feasible.

The recent independent report on Kabul Bank scandal points out to the urgency to transform the country’s laws and institutions, from the financial sector to the justice system. The team that published the report are to be congratulated for shedding light on a “ponzi scheme” scandal that involves the theft of US$900 million.