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CORRUPTION NEWS

Global private sector concerned about bribery, corruption and tax evasion

A survey of the private sector conducted by the UN’s high-level panel on financial accountability, transparency and integrity (FACTI), reveals that more than 90% of respondents would welcome stronger financial accountability, transparency and integrity regulattions when all businesses are held to the same standards. The survey was conducted anonymously online from 12 to 31 August, Read more >

CORRUPTION NEWS

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 >

CORRUPTION NEWS

Open letter to G20 finance ministers from civil society

From Amnesty International, CIVICUS and Transparency International 13 October 2020 Dear G20 finance ministers, As you meet this week, we are writing to you to encourage you to take concrete actions in order to build a better future through a just recovery by investing in people and ensuring that funds being made available reach those Read more >

CORRUPTION NEWS

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 >

CORRUPTION NEWS

CW urges diligence with upcoming lotteries appointments

Corruption Watch (CW) has written to the minister of trade and industry, Ebrahim Patel,  and the Portfolio Committee on Trade and Industry on the upcoming appointments to the National Lotteries Commission (NLC). The NLC has been in the news frequently of late, for all the wrong reasons – opacity, nepotism, misuse of funds, corruption. Patel Read more >

CORRUPTION NEWS

Beneficial ownership disclosure will expose procurement crooks

By 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 >