CORRUPTION NEWSTI calls for immediate action against secret companies 04 Apr 2016, 12:36 A global investigation, involving some 400 journalists from 80 countries, into the use of secret companies by the rich, powerful and corrupt has shown how a network of lawyers, bankers and others around the world hide illicit wealth. Transparency International (TI) calls on the international community to act immediately to adopt transparency laws to outlaw secret Read more >
RAISING AWARENESS Glossary of corruption-related terms 13 Jan 2016, 14:05 Do you know your baksheesh from your bribery? Your cronyism from your collusion? Read our glossary of terms relating to corruption to find out what they all mean. Sources: U4 Anti-Corruption Resource Centre Transparency International A ACCESS TO INFORMATION – the right by law, often through freedom of information legislation (acts or laws), to access Read more >
PUBLICATIONS SA falls short of measures to curb corrupt financial flows 15 Nov 2015, 13:29 In its report released to coincide with the upcoming G20 meeting in Turkey, Transparency International (TI) has highlighted how G20 countries, including South Africa, have failed to honour their undertaking to fight corruption through implementing more transparent business practices that would make it difficult for the corrupt to hide or move money across borders. This Read more >
POLICY AND ADVOCACY G20 drops ball on beneficial ownership 15 Nov 2015, 12:49 The G20 has not delivered on promises to tackle issues of beneficial ownership – this is revealed in a report released on Thursday by Transparency International. In November 2014 the G20 countries – of which South Africa is one – met in Brisbane. Among the topics up for discussion was the question of beneficial ownership. Read more >
CAMPAIGNS Anyone can help to unmask the corrupt 05 Nov 2015, 10:55 Global anti-corruption organisation Transparency International’s (TI) two-year campaign titled Unmask the Corrupt was launched in September 2014. The campaign seeks to root out a specific form of corruption in government, business and civil society – that of transferring stolen assets across international borders by using shell companies, companies with opaque ownership structures, and money laundering. Read more >
CORRUPTION NEWS Reveal beneficial owners of firms to stem graft 12 Feb 2015, 11:30 By David Lewis There is a head of steam building behind what must sound like an arcane, technical proposal – that companies be obliged to reveal their beneficial owners and that this information be placed on a public register. After intense lobbying by Transparency International and other nongovernmental organisations, this proposal was adopted by the Read more >
RAISING AWARENESS A step towards elimination of secret companies 20 Nov 2014, 8:20 Corruption Watch executive director David Lewis chatted to Moneyweb’s Siki Mgabadeli in the wake of the news that the G20 has adopted strict new principles to tackle money laundering and undisclosed beneficial ownership. Download this interview as an MP3 Siki Mgabadeli: G20 leaders over the weekend vowed to implement an anti-corruption action plan as part Read more >
CORRUPTION NEWS G20 beneficial ownership principles: six points to note 18 Nov 2014, 13:07 Source: Transparency International This weekend G20 leaders adopted new high level principles on beneficial ownership transparency in Brisbane, declaring “financial transparency, in particular the transparency of beneficial ownership of legal persons and arrangements a ‘high priority’”. But just how good are these principles? Here are six take-home points: 1. They were adopted. And that’s a Read more >
CORRUPTION NEWS G20 to tackle beneficial ownership, money laundering 17 Nov 2014, 11:22 The G20 summit might be over for this year, but for anti-corruption activists the work has just begun. Three prominent South Africans – Corruption Watch chairperson Archbishop Njongonkulu Ndungane, Archbishop Emeritus and Nobel laureate Desmond Tutu, and former Constitutional Court judge Richard Goldstone – joined the call earlier in November to the leaders of the Read more >
