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This category contains 15 posts

Council of Europe advises on Lithuania corruption

On 11th Febraury 2015, the Council of Europe Anti-Corruption Group (GRECO) published a report in which the outcomes of the 4th Evaluation Round of Lithuania corruption are noted. In particular GRECO referred to the following: Acknowledgement of the comprehensive legal and institutional framework developed by Lithuania to prevent and fight corruption among members of parliament, judges […]

Corruption, money laundering and terrorism: is there any relationship?

On 4th Febraury 2015, Transparency International(TI) published an interesting article which describes how corruption and terrorism are well interconnected. This is certainly not a news for insiders who have been monitoring such relation, but as TI stresses “such a link has never been clearer”. In particular, in countries where corruption is rife, problems with security […]

What’s new on the Corruption Perception Index 2014?

Last night Transparency International released the Corruption Perceptions Index 2014. At the first analysis of the data, there are not many surprises. However, it is worth noting that: Turkey and China’s rating on perceived corruption has fallen steeply (respectively from 50 to 45 points, and from 40 to 36 points); More than two thirds of […]

Beneficial ownership: what’s the G20′s position?

At the last G20 summit in Australia, the Anti-Corruption Working Group (ACWG)  reported to Finance Ministers and Central Bank Governors that the ACWG agreed that G20 countries will lead by example by developing G20 High-Level Principles on Beneficial Ownership Transparency that will set out concrete measures G20 countries will take to prevent the misuse of and ensure […]

Luxembourg drops bank secrecy rules

On 14th October 2014, Reuters reported that Luxembourg agreed to end its bank secrecy rules from 2017, yielding to a decade of pressure from Germany and the United States and marking a breakthrough in global efforts to reduce tax evasion. Luxembourg, whose banks hold deposits worth 10 times the nation’s annual economic output, said it would adopt an international standard […]

Myanmar takes global lead on company ownership transparency

On 09th October 2014, Global Witness published a report in which 25 oil and gas companies in Myanmar have set a global precedent by publishing who their real owners are. “People need to know who is buying up their most valuable assets – this is a global first in one of the places you might […]

Ukraine: the Parliament approves anti-corruption law

As reported by the Global Post, the Ukrainian parliament on Tuesday approved in the first reading a package of laws aimed at preventing and combating corruption in governmental bodies. A total of 256 lawmakers of 272 present at the assembly voted for the landmark anti-corruption strategy of Ukraine for 2014-2017, which includes setting up a […]

Ukraine: Parliament’s action needed on anti-corruption law

Following our previous post last week, today Transparency International and its partner in Ukraine has called on the Ukrainian parliament to pass a series of anti-corruption laws in a vote tomorrow that would create a strong framework for tackling the systemic corruption that has crippled social well-being and economic growth in Ukraine. In a special session, […]

Ukraine’s corruption: possible solutions to an endemic problem

On 23th September 2014, KyivPost published an article written by Daniel Bilak, who is a Kyiv-based international lawyer, which underlines a few interesting considerations in relation to one of the most serious problems in Ukraine, corruption. Mr Bilak provides his recipe for tackling this issue. This includes adopting reforms in the following three key sectors: 1. Lustration of […]

Business corruption in Chile: is still the least South American corrupt nation?

On 15th September 2014, The Economist has reported that Chile’s stockmarket regulator, the SVS, fined Julio Ponce Lerou (one of the wealthiest Chileans – estimated net worth of $2.3 billion) $70m for illegal share trading, the biggest single fine it has ever imposed. It also sanctioned seven of Mr Ponce’s associates, as well as the country’s leading […]