Posts

Dismantle the secrecy surrounding legal vehicles and their assets

Beneficial ownership is back in the news at the moment. Opacity in knowledge of the real person behind a company, trust, or corporation, and who will ultimately benefit from its activities – the beneficial owner – is crucial to combating money laundering, tax abuse, and corruption.   Illicit financial flows (IFFs) cost money, resources, and Read more >

SA falling behind in action against foreign bribery

In 2018 Transparency International released a further edition of its Exporting Corruption survey, a progress report which rates countries based on their enforcement against foreign bribery under the OECD Anti-Bribery Convention. The OECD convention requires signatory countries to criminalise bribery of foreign public officials and introduce related measures.  That report highlighted South Africa’s failure to Read more >

Foreign bribery largely unchecked in SA, OECD obligations not fulfilled

Yesterday Transparency International (TI) released the 2018 edition of its Exporting Corruption report, following on the previous edition published back in 2015. For South Africa, not much has changed for the better. Exporting Corruption 2018 rates countries on their enforcement against foreign bribery under the Organisation for Economic Co-operation and Development’s (OECD) Anti-Bribery Convention. The Read more >

South Africa fails to punish foreign bribery, TI report reveals

Transparency International (TI) has today released the 2018 edition of its Exporting Corruption report, rating countries based on their enforcement against foreign bribery under the OECD Anti-Bribery Convention. The OECD convention requires signatory countries to criminalise bribery of foreign public officials and introduce related measures. TI examined the enforcement of 40 signatory countries and four Read more >

Can we put an end to corruption?

The South African government recently announced its national anti-corruption strategy (NACS), that is aimed at tackling corruption in the public and private sectors, civil society, and citizen sector, as well as looking forward to other forms of corruption that could arise in the future – for example, cybercrime as a result of the evolution of Read more >

SA reputation tarnished by “brazen” Hitachi bribe

By Martin Kenney First published on Biznews.com The story of how electronics giant Hitachi bought political influence in order to win a $5.6-billion power station contract, calls into question not only the integrity of a massive company with a global reputation, but also the very integrity of the South African government. Moreover, a $19-million fine Read more >

Civil society disappointed by OECD choice of Alderman

Corruption Watch is one of six signatories of an open letter to the Organisation for Economic Co-operation and Development (OECD), protesting the organisation’s recent appointment of Richard Alderman to its high-level advisory group to review the OECD’s efforts on bribery. The group is concerned about Alderman’s apparent preference for using settlements to wrap up cases Read more >

Nigeria: the beginning of the end for corruption?

By Janine Erasmus Every day organisations operating in new and emerging markets face the risk of getting involved in corruption – either they feel they should commit it to get ahead, or they try to avoid it and fear that they’ll be left behind. But is there a way to get ahead in business without Read more >