By Richard MessickFirst posted on the Global Anticorruption Blog Thanks to a last-minute legal manoeuvrer, defendants in Namibia’s largest ever corruption case again escaped answering for their crimes. Set to start 5 August, their trial was postponed pending a ruling on a long-shot motion to invalidate all pre-trial rulings. While unlikely to succeed, the motion Read more >
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CORRUPTION NEWS
In February this year we reported that South Africa had addressed all but two of the action items highlighted as regulatory weaknesses by the Financial Action Task Force (FATF), after a mutual evaluation review in 2021. This resulted in the country’s unwelcome debut on the FATF grey list in February 2023. The FATF is the Read more >
CORRUPTION NEWS
Corruption Watch is deeply interested in and concerned about the ongoing illicit wildlife trade (IWT), which affects our country drastically and is driven in large part by corruption in various sectors of our society. Over the years we have reported on developments and challenges with various trafficked species, always emphasising that corruption enables these heinous Read more >
CORRUPTION NEWS
Image: Wikimedia Commons Despite growing awareness of and increasing measures against the illegal wildlife trade (IWT), it remains a serious global threat. This form of transnational organised crime, says the Wildlife Justice Commission, is estimated to generate at least US$20-billion in criminal proceeds each year, because it is largely low-risk and high-reward. Like corruption, IWT Read more >
CORRUPTION NEWS
The concept of a wealth tax is a current hot topic of discussion around the world. There are numerous arguments for and against the practice, with some saying a wealth tax might be inequitable and place more of a burden on the middle class than the rich, and others saying a moderate, progressive tax is Read more >
CORRUPTION NEWS
Last week we reported on steps taken by South Africa to enable its removal from the Financial Action Task Force (FATF) grey list, to which the country was added in February 2023. The FATF is the international standard-setting body that oversees global compliance with anti-money laundering (AML) and counter financing of terrorism (CFT) rules. Its Read more >
CORRUPTION NEWS
South Africa hopes to move off the Financial Action Task Force (FATF) grey list this year. The country was grey-listed in February 2023, and has been working since then to resolve the eight strategic deficiencies, relating to combating money laundering and terrorist financing, that were identified in the FATF 2021 mutual evaluation review. The FATF is the Read more >
CORRUPTION NEWS
For those who wonder why such a fuss is made about illicit financial flows in the form of tax abuse, here is the reason – countries around the world are losing US$492-billion in tax a year because multinational corporations and wealthy individuals are able to use tax havens to avoid or underpay tax. Nearly half Read more >
CORRUPTION NEWS
By Soo Jin SoFirst posted on the Global Anticorruption Blog Artificial intelligence (AI) tools, with their capacity to efficiently process and analyse vast amounts of data, have enormous potential to enhance anti-corruption efforts. Traditional investigative methods, which often require extensive manual review of financial records, contracts, and communications, can be time-consuming and prone to human Read more >