We’re not there yet. As the limos leave Hanghzou and life gets back to normal in a city quarantined for the G20 summit, the leaders of the G20 countries are taking home a new set of prescriptions for dealing with the very real global pandemic: corruption. A fourth Anti-Corruption Action Plan to cover 2017-2018 is […]
About Maggie MurphyMaggie Murphy is Global Outreach, Advocacy and Campaigns Coordinator at Transparency International.
The way the rich and powerful hide their ill-gotten gains is headline news around the world today. The Panama Papers show everyone how easy it is to set up secret companies that let people avoid taxes and launder money. Kings do it, business tycoons do it, footballers do it, presidents and prime ministers do it. […]
Public procurement around the globe presents high risk for corruption. There’s a great deal of money at stake – the OECD reckons procurement spending averages between 13 and 20 per cent of GDP – so it is important that those getting the business do it fairly. Knowing who controls the companies that bid for these […]
The final two months of 2014 saw a surge of positive news for civil society whose collaborative and consolidated efforts over recent years to push for greater corporate transparency measures are now seeing the light.
Civil society has called for greater light to be shed on the real living people who ultimately own or control companies – the beneficial owners. Current levels of secrecy mean that global detection rates for illicit funds by law enforcement are as low as 1 percent for criminal proceeds.
Last September G20 leaders moved towards greater transparency to crack down on tax evasion. They promised a “new global standard” to increase the exchange of financial information between countries. Whereas today tax authorities have to chase information from others authorities if and when they suspect foul play, this new standard will require any jurisdiction signing […]
If you have not yet made it to the gym, fear not. Exchange that new year’s resolution for another: learn a new language. But make sure you learn one which has a more practical purpose than ordering a drink or finding one’s way to the swimming pool. It’s time to learn the lingo of bankers […]
The Australian government took the reins of the G20 on 1 December. In its vision it acknowledges that corruption is bad for business, but Australian business doesn’t seem to think the same, having dropped it from its top priorities for 2014. We think this is a mistake. “Corruption is a severe impediment to sustainable economic […]
So now that the G20 dust has settled and the media circus has dispersed, did the representatives of two-thirds of the global population make any meaningful decisions in St Petersburg? The final St Petersburg G20 Leaders Declaration has 11 paragraphs devoted to corruption efforts. This greater visibility is welcome progress from the two sentences included […]
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