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: Global Witness
Release date: April 2009

Undue Diligence: How banks do business with corrupt regimes

Grand corruption, involving senior government officials (politically exposed persons), hardly take place without financial intermediaries in rich countries. Tackling this requires efforts at both ends, where the money comes from and where it gets stashed away. Global Witness investigated four cases from the latter perspective -- where illicit financial flows end up. GW has assessed the gaps the Financial Action Task Force, an inter governmental initiative to combat money laundering, needs to cover if the international financial system is genuinely committed to making the life of crooks around the world more difficult.

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Author: Christensen, J
Release date: January 2009

Africa's bane: Tax Havens, Capital Flight and the Corruption Interface

Christensen addresses the supply side of corruption, namely the secrecy jurisdictions and the bankers, lawyers and accountants that enable the system. He finds that the situation is deteriorating: non-disclosure of ownership of corporations and other legal entities; lack of accounting transparency for multinational companies; lack of provision for effective exchange of information between national authorities are all identified as creating a criminogenic environment.

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