Tag Archives | G20 Anti-Corruption Working Group

G20 needs to boost banking supervision

12 November 2014 in Accountability, Anti-corruption movement, Asset recovery, G20, Politics and government, Private sector

Five major banks pay fines for currency manipulation On the eve of the Group of 20 Summit in Brisbane, Australia, a group of the world’s biggest banks have agreed to pay US$4.2 billion in fines to UK, US and Swiss authorities to settle charges that they fixed international currency markets over many years. This agreement […]

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G20 whistleblowing laws – are they hitting or missing the mark? A lesson from Australia

22 September 2014 in Asia Pacific, G20, Whistleblowing

Legal protection for whistleblowers living in the world’s biggest economies, the Group of 20, is patchy at best and needs to be strengthened to bolster the fight against corruption. The good news is that G20 leaders meeting in Brisbane in November can help make this happen. Ahead of the Brisbane leaders’ summit, Transparency International Australia […]

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Three reasons Australia should regret dropping corruption from B20 agenda

10 December 2013 in Accountability, Anti-corruption Conventions, Anti-corruption movement, Asia Pacific, Private sector

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 […]

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G20 must address financial integrity as corruption surges through major banking

31 July 2012 in Financial Markets, G20, Private sector

Allegations of insider trading at Nomura, money laundering at HSBC, interest rate manipulation at Barclays – it’s one scandal after another! Some say mega-banks are too complex to manage and control, others blame bad management, still others say the culture is rotten. Corruption abounds. Greed, secrecy, arrogance, lack of a moral compass, and opportunity all […]

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G8 action on asset recovery for the Arab world

23 May 2012 in Accountability, Africa and Middle East, Asset recovery, Financial Markets

The G8 have just released an ambitious and comprehensive asset recovery action plan as part of the Deauville Partnership with Arab Countries in Transition. It is timely and necessary to reinforce the momentum behind stolen asset recovery processes. The first step by G8 countries was to freeze the accounts of the authoritarian leaders Mubarak, Ben […]

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