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Incentivizing integrity in banks is more than just paying some fines

Three German banks Commerzbank, HypoVereinsbank and the state-owned HSH-Bank have just settled with tax authorities in Nordrhein-Westfalen on illegal aid to tax evasion. The banks assisted clients in shifting their funds from Luxembourg to Panama to put the money out of reach of German tax authorities. While the settlements partially provide for 8-digit fines, they […]

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Keeping score at FIFA

As the presidential candidates start jostling to take over from beleaguered Sepp Blatter at FIFA, here I provide an update of my “FIFA Reform Scorecard” to set the stage for evaluating the claims that the process has already started and highlight what is left to do for his potential successors. Blatter has expressed a desire […]

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Cracking down on secret companies in public procurement

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 […]

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Подготовке Чемпионата мира по футболу 2018 нужна прозрачность

В 2010 году Российской Федерации было присуждено право проведения Чемпионата мира по футболу 2018 года. После Зимних Олимпийских Игр 2014, Чемпионат мира станет вторым по величине спортивным событием в истории современной России. На проведение мероприятия правительство Российской Федерации утвердило бюджет в 660 млрд. рублей (16 млрд. долл. США).  335 млрд. рублей (8 млрд. долл. США) […]

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The 2018 World Cup in Russia must be transparent

In 2010 Russia was awarded the right to host the next FIFA World Cup. After the Sochi 2014 Winter Olympics, the 2018 World Cup will become the second major international sports event held in the country in its recent history. The Russian government approved a total budget of 660 billion roubles (US$16 billion) for the […]

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World Bank adopts key Transparency International goals in new procurement policies

The World Bank funds 1,800 procurement projects to the tune of US$42 billion in 172 countries, often in challenging environments. It is therefore important to have strong measures to counter corruption. Last week, the Bank announced a new procurement framework that includes many of the recommendations and suggestions Transparency International and Transparency International USA have […]

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How do organisations clean up after corruption scandals?

Hisao Tanaka, president of Toshiba Corporation, and two top executives resigned after an independent investigation found that earnings had been improperly inflated by US$1.2 billion under his watch. This blog post is part of a series drawing on articles from the Global Corruption Report: Sport. Simultaneously, FIFA’s president Sepp Blatter announced that he was staying […]

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Anti-Corruption Cards: Cambodia’s new craze

Transparency International Cambodia recently launched its Anti-Corruption Cards that offer shopping discounts to citizens who sign up to the Declaration Against Corruption.   So far more than 8,000 people in the capital Phnom Penh and provinces have received their cards, entitling them to savings of up to 60 per cent at a variety of shops […]

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FIFA reform: suggestions for fair and transparent finances

The resignation of Sepp Blatter as FIFA President on 2 June was swiftly followed by a commitment to immediate governance reform, led by independent chair of FIFA’s audit and compliance committee Domenico Scala. Central to Scala’s mandate will be a review of financial transparency, as well as the proportional representation of influence within FIFA. This […]

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Advocating for FIFA reform – a sponsor´s perspective

There’s so much that’s good about sport. Next to family, I see sport and music as the two most important cultural influences on children. But the difference between the two is that the love of sport, the love of a team, the enjoyment to be derived from it can be shared between generations. It’s very […]

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