Tag Archives | financial centres

Integrity Default Alert: EU probes collusion in banking sector

27 March 2013 in Private sector

Reposted from the blog of Transparency International’s EU liaison office in Brussels. Corruption thrives in the dark, dank corners where no-one is looking, and banking is no exception. Who had heard of the LIBOR benchmark until the rate-rigging scandal erupted early last year? Now it is a byword for bad behaviour in banks. This week, […]

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Where the Money Can Hide: The New Financial Secrecy Index was published today

4 October 2011 in Financial Markets, Measurement and Research

Christian Humborg is the Managing Director of TI Germany When a police officer is bribed, usually two people are involved: the bribe-taker and the bribe-payer. In larger corruption cases, a third person is needed: the bribe-hider. Bribe-hiders don’t stash the bills under the bed. There is a global financial services industry for non-residents which allows […]

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Recovery of stolen assets: time for action

29 June 2009 in Africa and Middle East, Asset recovery, Politics and government, Poverty and development

As many of our readers might be aware, the French chapter of Transparency International has recently filed an anti-corruption case against the presidents of Gabon, Congo and Equitorial Guinea regarding the millions of dollars in embezzled funds they have allegedly stashed in the form of property and other goods in France. This case broke new […]

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