By Louise Russell-Prywata and Tymon KiepeFirst published on Global Data Barometer Beneficial ownership is widely recognised as an essential piece of information for tackling corruption, preventing and investigating tax evasion, protecting national security, and creating sustainable trading environments. The goal – increasingly shared by governments, businesses, and citizens – is that people can access accurate Read more >
Posts
RAISING AWARENESS
By Richard MessickFirst published on the Global Anticorruption Blog No government activity is more susceptible to corruption than public procurement. The process by which government decides what to buy and from whom is lengthy, technically complex, and riddled with decision points that give procurement officers enormous discretion. Oversight is thus especially difficult. Moreover, because so much Read more >
CORRUPTION NEWS
Anonymous private wealth. Luxurious homes, state-of-the-art yachts and aircraft, priceless jewellery, valuable pieces of art, and more. Symbols of an ever-increasing global problem of financial inequality, and a proven driver also of corruption and tax abuse. Such wealth in the hands of a mere fraction of the global population is unsustainable – and as long Read more >
PRESS RELEASES
Members of the media are invited to a two-day conference on beneficial ownership transparency (BOT) in South Africa, taking place in Cape Town on 16 -17 May 2022. The event is hosted by the Department of Public Service and Administration, the Financial Intelligence Centre, Open Government Partnership, Corruption Watch, and Open Ownership. The subject of Read more >
OPINIONS
By Mashudu Masutha and Karabo RajuiliFirst published on News24 The Financial Action Task Force (FATF) is the global standard-setting body for combating money laundering, setting minimum standards via 40 recommendations. It has sanctioning mechanisms for countries that fail to comply. Recently, the organisation updated its Recommendation 24, which deals with beneficial ownership transparency – and Read more >
CORRUPTION NEWS
By Ilya ShumanovFirst published on The Wilson Center Russia’s recognising the self-declared Donetsk People’s Republic and Luhansk People’s Republic, followed by the Russian invasion of Ukraine, became a formal pretext for the collective West to impose restrictions on Russia in support of Ukraine’s territorial integrity. The negative consequences of such a scenario had been discussed Read more >
PRESS RELEASES
During formal meetings in Paris last week, the Financial Action Task Force (FATF) approved a revision of its recommendation 24, ushering in a new global standard on beneficial ownership transparency. This is a win for the fight against corruption, money laundering and other financial crimes around the world. It is also a collective victory for Read more >
CORRUPTION NEWS
Global anti-corruption organisation Transparency International (TI) has long been advocating for the establishment of a global standard for centralised, publicly accessible beneficial ownership registers – whose stored information has been verified. The organisation firmly believes such registers would allow everyone to see the true beneficiaries of anonymous companies, and help authorities, journalists and civil society Read more >
CORRUPTION NEWS
In October the Financial Action Task Force (FATF) released its mutual evaluation report on South Africa, following an assessment of the country’s anti-money laundering, counter financing of terrorism and counter financing of proliferation of weapons of mass destruction (AML/CFT/CPF) systems. The mutual evaluation was conducted by a team led by the International Monetary Fund and including officials from the Eastern and Southern Africa Anti-Money Laundering Group and FATF member countries. The team assessed compliance Read more >
