beneficial ownership Archives

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Beneficial ownership transparency under attack from secrecy enablers

09 May 2024, 14:58

When corruption is exposed, it is a given that the corrupt will fight back tooth and nail, clinging with all their might to that easy and lucrative source of income or power. A new report, released in April 2024 by the Tax Justice Network, reveals how those who operate in secrecy have found a strategy Read more >

CORRUPTION NEWS

Beneficial ownership and climate crimes: A fishy business

03 Oct 2023, 14:43

By Matti KohonenFirst published on Tax Justice Network In this blog we explore how climate justice and tax justice advocates can unite and demand beneficial ownership transparency for sectors prone to climate crimes. As the Tax Justice Network has previously noted, the climate crisis and financial secrecy are closely connected. Immense pressure and a set Read more >

CORRUPTION NEWS

New business laws in SA to tackle corruption, red tape, and CEO pay

15 Aug 2023, 10:34

Image: Wikimedia Commons, used under a CC BY-SA 3.0 license First published on BusinessTech The Department of Trade and Industry and Competition has gazetted its intention to submit the Companies First and Second Amendment Bills to Parliament in August 2023. The two bills aim to shift the dial significantly on red tape and inequality in Read more >

RAISING AWARENESS

Glossary of corruption-related terms

19 Aug 2022, 14:33

Glossary of corruption-related terms Do you know your baksheesh from your bribery? Your cronyism from your collusion? Read our evolving glossary of terms relating to corruption to find out what they all mean. Sources:U4 Anti-Corruption Resource CentreTransparency International A A LOOTA CONTINUA ABUSE OF POWER / OFFICE / RESOURCES / FUNCTION ACCESS TO INFORMATION ACCOUNTABILITY Read more >

OPINIONS

Will Africa become Russian oligarchs’ new safe haven?

06 Jun 2022, 13:14

First published on Financial Transparency Coalition During the last decade, Russia has expanded its interests and presence in Africa by investing in the mining sector and increasing military support to fragile states, primarily through private military contractors and mercenaries. One of Africa’s most prominent private military groups is the Wagner Group, believed to be financed by one Read more >

CORRUPTION NEWS

Developed countries highly complicit in financial secrecy

06 Jun 2022, 12:42

Illicit financial flows create an unjust society and further worsen inequality, especially for underdeveloped countries. This is the message from the Tax Justice Network (TJN), which released its 2022 Financial Secrecy Index (FSI) on 16 May. The FSI is a ranking of jurisdictions which fuel financial secrecy by helping individuals to hide their finances from Read more >

CORRUPTION NEWS

BOT conference – from commitment to implementation

23 May 2022, 12:07

Gathering a diverse group of people in one room to talk about a common cause is a good first step, no matter the cause. The next step is acting on the points raised and the discussions held – not quite as easy or simple. This is the task before the organisers and attendees of last Read more >

CORRUPTION NEWS

High level panel discussion: the state of play of BOT in SA

23 May 2022, 11:40

South Africa has made some progress, but not nearly enough – that’s the message from panellists at last week’s two-day conference titled Collective action for beneficial ownership transparency (BOT) in South Africa: From commitment to implementation. Organised by Corruption Watch, the Department of Public Service and Administration (DPSA), the Financial Intelligence Centre, the Open Government Read more >

CORRUPTION NEWS

BOT conference: accessible, reliable information will boost prosecutions

23 May 2022, 11:03

Corruption Watch, together with the Department of Public Service and Administration (DPSA), the Financial Intelligence Centre, the Open Government Partnership, and Open Ownership, co-hosted a conference on taking steps towards achieving beneficial ownership transparency. Titled Collective action for beneficial ownership transparency (BOT) in South Africa: From commitment to implementation, the two-day event, on 16 and Read more >