On 15 February 2017, Transparency International (TI) published a report, Top Secret: Countries keep financial crime fighting data to themselves, which recommends improvements to the public disclosure of anti-money laundering (AML) statistics by national authorities. http://bit.ly/2lqfujE http://bit.ly/2l7rUdz The report follows analysis conducted by TI of the public availability of AML data by 12 countries (including […]

Transparency International UK (TI-UK) have added a new term to the AML vocabulary namely, Reputation Laundering. What is reputation laundering? Reputation laundering is the process of concealing the corrupt actions, past or present, of an individual, government or corporate entity, and presenting their character and behaviour in a positive light. This is done in order […]

International anti-corruption NGO, Transparency International, yesterday released its latest Corruption Perceptions Index (CPI), reviewing public sector corruption risk in 168 countries. http://www.transparency.org/ Herbert Smith’s 2015 report highlights the same offending countries and points to similar issues, particularly systemic government corruption, failed electoral mandates and public revolts against alleged grand-scale corruption. http://www.herbertsmithfreehills.com/insights/guides/global-anti-corruption-guide-2015?wtr=module-global-anti-corruption-guide The latest CPI scores […]

Transparency International UK has published a report entitled “Don’t’ Look, Won’t Find Weaknesses in the Supervision of the UK’s Anti-Money Laundering Rules” which concludes that the UK’s anti-money laundering (AML) system requires a radical overhaul to prevent corrupt money from entering the UK. Overall, the report identifies that the current supervisory system is not fit […]

Britain’s “woefully inadequate” anti-money laundering system has left the country wide open to corrupt money and terrorism funds and needs radical overhaul, a leading anti-corruption group said on Monday. Each year billions of pounds of dirty money flow through Britain, but the system for identifying it is too fragmented and unaccountable to be effective, according […]

The just released Transparency International Middle East & North Africa, Government Defense Anti-Corruption Index is exhaustive and thorough analysis of real-world risk which exists in the region.  Every country in the Middle East and North Africa assessed by the first of its kind Government Defence Anti-Corruption Index  leaves the door open to waste, impunity and […]

http://www.transparency.org/exporting_corruption Foreign bribery is not an abstract phenomenon; it has damaging consequences in the form of contracts not going to the best qualified suppliers, prices often being inflated to cover bribe payments, environmental requirements not being enforced and taxes not being collected. Sixteen years after the OECD Convention on Combating Foreign Bribery entered into force, […]

It’s bad enough that just getting things done in Russia, from beating a speeding ticket to running a business, often means paying a kickback. But now it’s worse: You’ve got to pay twice as much. Russia’s Interior Ministry told reporters in late July that the average bribe may have doubled from around 109,000 rubles last year to 208,000 today. In dollars, that increase is nowhere nearly […]