International Drivers of Corruption

Some global mechanisms allow corruption to be a profitable crime. Find out how to deal with the negative impact this brings to developing countries.

Globalisation has been beneficial in many ways. However, the structures that facilitate legitimate businesses and international financial transactions are also used for illicit purposes: laundering proceeds of corruption, generating illicit flows out of development countries, paying bribes or evading taxes. These mechanisms create incentives for corrupt behavior in developing and developed countries and need solutions at local and international levels.

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Illicit financial flows and their impacts on development

Lecture by Raymond Baker from Global Financial Integrity (1 Oct 2010)
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Author: US Senate
Release date: February 2010

Keeping Foreign Corruption out of the United States: Four Case Stories, Permanent Subcommittee on Investigations

This study reviews four cases involving politically exposed persons to learn how foreign PEPs circumvent US laws and utilizing the financial system to bring corrupt funds into the US. It recommends a tightening of control by enhancing banks’ client screening procedures, the elimination of exemptions for real state, escrow agents and lawyers to conduct due diligence and urges professional associations to issue guidance in their services to PEPs. It finishes with a recommendation to strengthen the US visa system against such corrupt officials.

Author: Unger, B et al
Release date: December 2009

Tackling Money Laundering

Unger and other authors dedicate attention to the topic of money laundering in this special issue of the Review of Law and Economics. The first three articles analyse common methods applied to measure the size of the problem. In their article, Unger and Walker present a useful and not too technical summary of various approaches to measure money laundering. The second part of this journal

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