August 26th, 2011
As Libya prepares for the future, what are financial centres doing to stop the flow of stolen assets from dictators? The following is adapted from a speechmade by Transparency International’s vice-chair, Akere Muna, at the UN public service forum in Dar es Salaam, United Republic of Tanzania.
If corruption, especially money laundering and bribery are to be tackled, we need to see action not only from developing countries, but also countries that are home to major financial centres.
Here in Africa there is wide recognition that poor governance is one of the biggest barriers to sustainable development, what is missing is recognition...
June 9th, 2011
Global Financial Integrity Managing Director Tom Cardamone has written a blog post
for the TrustLaw website examining the shortfalls of anti-bribery and anti-corruption compliance efforts at companies around the world. A study showed that a third of firms saw anti-bribery programs as “an example of the governments imposing costly and excessive requirements”, demonstrating a lack of motivation in reducing unethical business practices.
Referencing the effectiveness of penalties for corrupt practices, Cardamone writes:
An even closer read of the stories behind these fines shows that seldom do they make a significant dent in the profits of the firms involved and rarely...
May 15th, 2011
WASHINGTON – India's announcement that it had ratified the United Nations Convention Against Corruption (UNCAC) has been welcomed as a "significant step".
May 14th, 2011
WASHINGTON – The Task Force on Financial Integrity and Economic Development (Task Force) has welcomed India's announcement that it has ratified the United Nations Convention Against Corruption (UNCAC).