CORRUPTION NEWSIBACF pledge signifies commitment to ridding construction sector of corruption 30 Jun 2022, 12:30 Corruption Watch (CW) today signed an anti-corruption pledge with other members of the Infrastructure Built Anti-Corruption Forum (IBACF), including Public Works and Infrastructure minister Patricia De Lille, Special Investigating Unit (SIU) head Advocate Andy Mothibe – who chairs the IBACF – and Hawks head General Godfrey Lebeya. Launched in May 2021, the IBACF aims to Read more >
CORRUPTION NEWS Commonly-cited global corruption statistics are flawed, says U4 20 Jun 2022, 14:30 By Kwazi Dlamini US$1-trillion paid in bribes every year. Up to 30% of development aid lost to corruption annually. Corruption costs about 5% of global GDP every year. We hear these statistics quoted often in articles, reports, interviews, and more, but do we actually know how accurate these frightening figures are? Oslo-based anti-corruption advice team Read more >
CORRUPTION NEWS Auditor-General: 2021-22 MFMA outcomes show continuing decline 15 Jun 2022, 15:17 Capable leaders should demonstrate change by strengthening transparency and accountability. This is the call from Auditor-General (AG) Tsakani Maluleke, who earlier today tabled the 2020-21 Municipal Finance Management Act (MFMA) audit outcomes in the National Assembly. The usual five-year comparison period encompasses the entirety of the administration that took office in 2016, with local government 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 Africa’s urban planners face huge corruption pressures: some answers 03 Jun 2022, 11:16 Image: UN Habitat By Laura Nkula-WenzFirst published on The Conversation Africa Corruption is commonly defined as the abuse of entrusted power for personal gain. Understanding and tackling corruption at the city-scale is crucial because cities are increasingly becoming home to much of the global population. According to the United Nations, more than two-thirds of the 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 >
PRESS RELEASES Conference: Collective action for beneficial ownership transparency in SA 12 May 2022, 11:19 Members of the media are invited to a two-day conference on beneficial ownership transparency (BOT) in South Africa, taking place in Cape Town on 16 -17 May 2022. The event is hosted by the Department of Public Service and Administration, the Financial Intelligence Centre, Open Government Partnership, Corruption Watch, and Open Ownership. The subject of Read more >
OPINIONS New company ownership regulation a step in right direction 06 May 2022, 9:06 By Mashudu Masutha and Karabo RajuiliFirst published on News24 The Financial Action Task Force (FATF) is the global standard-setting body for combating money laundering, setting minimum standards via 40 recommendations. It has sanctioning mechanisms for countries that fail to comply. Recently, the organisation updated its Recommendation 24, which deals with beneficial ownership transparency – and Read more >