Financial Transparency Coalition

Europe’s rankings in the Corruption Perceptions Index 2012 are as diverse as the region itself. Clearly the perceived level of corruption in Greece (94th, the lowest EU state) is entirely different from that of Denmark and Finland, tied with New Zealand in first place. However, the old adage that corruption only occurs in the countries of the South, rings rather hollow.

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 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.