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Transparency International’s Annual Progress Report: Assessing Country Enforcement of the OECD Anti-Bribery Convention (FCPA Blog)

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Transparency International (TI) has released its ninth annual progress report on the enforcement of the OECD Anti-Bribery Convention. The report presents an independent assessment on the status of enforcement in all of the 40 Parties to the Convention. Read more

Review of World Bank Sanctions System: A Good Start but Additional Transparency Needed (FCPA Blog)

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The World Bank Group is currently undertaking an evaluation and review of its Sanctions System. That Sanctions System is an integral part of the Bank’s Anti-Corruption policy in that it provides a framework for punishing corrupt contractors, thereby creating a deterrent to corruption. Read More

 

Global Corruption Barometer 2013 (FCPA Blog)

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Transparency International releases its 2013 Global Corruption Barometer, the world’s largest public opinion survey on corruption. The Barometer shows both global and U.S. concerns regarding corruption and transparency in government institutions and political culture. However there is some positive news. Globally and in the U.S., nearly 9 out of 10 people surveyed indicated a willingness to get involved in the fight against corruption. Read more

 

Progress from G8 leaders on transparency, anti-corruption (FCPA Blog)

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The G8 countries have endorsed an action plan of core principles to prevent the misuse of anonymous corporations. Read more

Opportunities for Transparency: Will the G8 Act? (FCPA Blog)

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In the vast majority of 150 grand corruption cases, corporate vehicles were misused to conceal the identities of public officials involved in corruption. These reports underline both the significance of the problem and also the potential cost to development. Resource-rich countries in Africa and elsewhere have similar stories and comparable governance issues. Similarly, companies that extract natural resources also share some responsibility for transparent practices. The summit in Northern Ireland represents an important opportunity for G8 leaders to make meaningful progress in promoting transparency in the beneficial ownership of companies and extractive resources. Read more

A case for more integrity in the financial sector (Devex Blog)

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Many countries have established laws, regulations and procedures to prevent money laundering. In the United States, for example, financial institutions have an obligation to file suspicious transaction reports, conduct customer due diligence and engage in anti-money laundering, or AML, compliance. However, as a recent World Bank report highlights, in many countries, both developing and developed, including in the United States, there are still significant loopholes allowing corrupt individuals to launder and ultimately enjoy their illegally obtained gains. Read more

The 2012 Corruption Perceptions Index (FCPA Blog)

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Transparency International released its 2012 Corruption Perceptions Index (CPI) today, suggesting that levels of bribery, abuse of power, and secret dealings are still perceived to be very high in most countries. Read more

How Not to Fall Foul of the Foreign Corrupt Practices Act (Transparency International Blog)

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The Department of Justice and the Securities and Exchange Commission published their long-awaited guidance intended to provide useful information to companies to comply with the Foreign Corrupt Practices Act (FCPA). TI-USA’s President and CEO Claudia Dumas welcomed the release of the publication and hoped “the Guide will be useful to companies who wish to do honest business abroad.” Read more

Country Enforcement of the OECD Anti-Bribery Convention – Progress Report 2012 (FCPA Blog)

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Transparency International’s (TI) eighth annual progress report on the enforcement of the OECD Anti-Bribery Convention highlights a couple of notable developments. One is that there was a substantial increase in the number of cases brought by countries in the active enforcement category. However, while some countries increased their enforcement, only seven countries out of 37 reviewed made the list of active enforcers. This number has not changed since 2009. Read more

Civil Society Procurement Monitoring: Challenges and Opportunities (in Eduardo Bohorquez and Deniz Devrim: A New Role for Citizens in public Procurement)

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The article aims to provide a general overview of the involvement of civil society organizations and citizens in public procurement. Read more pg 41