Tag Archives | Beneficial ownership

Let’s pick up the slow pace of change in Panama

The recent moves by the Panamanian government to clean up its image in the wake of the Panama Papers scandal may eventually lead to a more transparency and accountable financial sector.   But only if the pressure is kept on the Panamanian government. The Panama Papers showed how one Panamanian law firm was able to set […]

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The $6.5 million apartment on Starovolynskaya Street

How is it possible for the extended family of Russian politicians and civil servants to get a $6.5 million apartment situated in the Moscow equivalent of millionaires’ row? That was the question that came to mind when we started investigating 15 Starovolynskaya Street and the Rogozin family. Dmitry Rogozin is Deputy Prime Minister and in charge of the Ministry […]

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US Department of Treasury

U.S. response to the Panama Papers: A step in the right direction but more action is needed

The massive leak dubbed the Panama Papers has given the UK Anti-Corruption Summit on May 12 an unexpected boost. Those coming to the summit, now including the U.S., are lining up to make announcements about the steps they are taking to tackle corruption and specifically financial secrecy. On Thursday the Obama Administration announced a series […]

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  Communicators are strong swimmers. We don’t always sprint, but we can handle long distances and the hard swim upstream. The Panama Papers have exposed a global web of secrecy and corruption that hurts all of us. It has also exposed the Chair of our chapter in Chile and that deeply troubled us. He of […]

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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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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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Know your contractors: transparent ownership reduces corruption

Procurement is at the heart of the work that the World Bank and other international development banks do. Countries borrow from these multilateral organisations to develop the public works and services their citizens need: such as healthcare, education, sanitation and infrastructure. Through public procurement, countries use the borrowed funds to acquire expertise, labour and supplies […]

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OECD sheds light on transnational corruption

This week, the Organisation for Economic Cooperation and Development (OECD) published a ground-breaking report that dissects the massive and mostly hidden phenomenon of transnational corruption. Looking at more than 400 bribery cases across 41 countries that amounted to US$13.8 million per bribe, the report gives a glimpse inside the shadowy world of corrupt practices by […]

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Corruption in the Americas: the Good, the Bad and the Ugly?

The 2014 Corruption Perceptions Index does not show significant movement in the scores of the countries in the Americas. For the more cynical among us, this is a good sign as there is always the possibility of worsening. But the reality is that stagnation is not good news. Each year that passes without things improving, […]

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El lavado de dinero: un tema clave que no puede dejarse sólo a los expertos

A partir de mañana (Oct. 22) un grupo de representantes de gobiernos y expertos que pertenecen al Grupo de Acción Financiera (GAFI) – la Organización líder en materia de políticas contra el lavado de dinero a nivel global – se encontrará en París. La agenda  incluye la adopción de un documento sobre un tema de […]

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