CORRUPTION NEWSBeneficial ownership disclosure will expose procurement crooks 14 Sep 2020, 12:08By Cherese ThakurFirst published on amaBhungane Corruption costs lives. This simple truth has been grimly illustrated over the past months of national disaster, where front-line workers have had to brave conditions with insufficient or poor quality personal protective equipment (PPE). Many of these workers have contracted the virus, and some have died. In monetary terms, Read more >
OPINIONS Africa can clamp down on illicit flows by using AUCPCC effectively 10 Jul 2020, 17:25By Sabeehah Motala Illicit financial flows (IFFs) are costing Africa $30-billion to $40-billion per year and have eroded African countries’ tax bases, hampering their abilities to respond effectively to Covid-19 emergency needs. Lockdown, states of emergency, and all the accompanying implications mean that developing states are more vulnerable than ever to the possibility of illicit Read more >
LEGISLATION AND SUBMISSIONS Foreign bribery largely unchecked in SA, OECD obligations not fulfilled 13 Sep 2018, 12:03Yesterday 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 >
LEGISLATION AND SUBMISSIONS South Africa fails to punish foreign bribery, TI report reveals 12 Sep 2018, 13:26Transparency 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 >
CORRUPTION NEWS How does money laundering work? 01 Nov 2017, 12:30Money launderers make use of numerous twists and turns in their efforts to hide their trails, but how does the process really happen? Here’s how. Money laundering is exactly what the words describe – washing the ill-gotten gains of their illegal origins so that what is left cannot easily be traced back to the original Read more >
CAMPAIGNS Anyone can help to unmask the corrupt 05 Nov 2015, 10:55Global 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, 11:30By 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 >
CORRUPTION NEWS SA failing to implement OECD convention 23 Oct 2014, 13:15Transparency International (TI) today published its annual progress report, titled Exporting Corruption, on the implementation of the OECD anti-bribery convention. Its revelations are thought-provoking, and in South Africa's case, unflattering. In March this year we wrote about the country’s tardiness in prosecuting foreign bribery under the anti-bribery convention of the Organisation for Economic Co-operation and Read more >
CAMPAIGNS Nowhere to hide – unmasking the corrupt 19 Jun 2014, 12:37In South Africa, as in numerous other countries, corruption is a regrettable part of our everyday life, and it comes in various forms. But while anti-corruption laws exist, their implementation is not robust, and perpetrators are seldom punished. Those who engage in corruption are easily able to hide their ill-gotten gains by channelling the proceeds Read more >
