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FATF publishes horizontal review of gatekeepers’ technical compliance related to corruption

July 8, 2024

On the surface, the Horizontal Review shows positive results – over half of FATF members have scores over 80%. However, these results are less promising when one considers the context and materiality of the seven FATF members falling below the score of 50%. These jurisdictions represent more than half of the world’s GDP.

FATF publishes a report titled ‘Horizontal Review of Gatekeepers’ Technical Compliance related to Corruption, which assesses the current state of play and identifies areas that FATF members must prioritise for further improvement

July 6, 2024

This review found that some cornerstone obligations of the FATF Recommendations fall behind the compliance levels of other obligations. These requirements conducting CDD, implementing internal controls, and providing a supervisor with adequate powers to conduct risk-based supervision are essential requirements to address the vulnerability of gatekeepers to money laundering and corruption threats…

Basel Institute of Governance issues a quick guide to informal networks and anti-corruption

June 10, 2024

Basel takes the view that corruption generally springs from the social norms and group dynamics of well-articulated and resilient informal networks. This guide takes a look at what this means and the implications for anti-corruption programming…

OCCRP announces Beny Steinmetz, renowned in the diamond industry solidified his fortune through an agreement for prized iron ore deposits

June 10, 2024

While awaiting the Swiss supreme court’s decision on his bribery case appeal, OCCRP conducted an extensive investigation, interviewing many individuals and scrutinizing corporate and legal documents to uncover the events surrounding his legal battles and subsequent developments…

GFI proposes plan to dismantle the ‘Global financial secrecy system’

June 6, 2024

Daniel Calingaert argues that ‘the time has come to dismantle the four pillars of the global financial secrecy system—to (1) end corporate anonymity, (2) eliminate instruments of financial secrecy, (3) make enablers legally liable for complicity in corruption, and (4) insulate our financial system from secrecy jurisdictions.’

INTERPOL identifies anti-corruption action with the potential misuse of systems in Moldova

June 6, 2024

UK authorities have reported a cybercrime investigation involving corrupt Moldovan individuals suspected of passing information about Red Notices to wanted persons with INTERPOL actively cooperating with relevant jurisdictions. INTERPOL has implemented additional measures to ensure the suspected misuse is stopped and to prevent future occurrences…

Basel Institute of Governance publishes annual report for 2023

May 30, 2024

Report features seven stories from Basel’s work around the world to promote good governance and counter corruption.

OCCRP: Fishing boats and cargo ships: how Colombian cocaine travels the world

May 29, 2024

Official statistics on busts of drug shipments originating in Colombia — the world’s largest cocaine producer by far — are scattershot and hard to find. A leak of prosecutor’s office documents helped reporters fill in some gaps.

TI unveils a Climate & Corruption Atlas, showcasing real-world instances and their repercussions

May 13, 2024

This report highlights findings and lessons from cases of corruption documented in our online Climate and Corruption Case Atlas, the first digital tool of its kind – analysing almost 80 cases of climate corruption around the world The impact of corruption in climate finance goes beyond mitigation & adaptation and is the catalyst for human rights abuses, weakened democratic processes…

ICIJ publishes its 2023 annual report, highlighting a year of growth and capacity building for the organisation

March 20, 2024

Showcases three main investigations ICIJ was involved with in 2023: Cyprus Confidential, Deforestation Inc., and Trafficking Inc.

TI publishes Corruption Perceptions Index 2023 indicating that corruption is widespread worldwide

February 12, 2024

Countries ranking high on the CPI have an impunity problem of their own, even if this isn’t reflected in their scores. Many cross-border corruption cases have involved companies from top-scoring countries that resort to bribery when doing business abroad. Others have implicated professionals who sell secrecy or otherwise enable foreign…

Jenner & Block publishes “Anti-Corruption Enforcement 2023 Year in Review”

February 9, 2024

Provides a deep dive into 2023 trends in the US, UK, and around the world, covering US Department of Justice (DOJ) and US Securities and Exchange Commission (SEC) enforcement actions, impactful court decisions and Foreign Corrupt Practices Act (FCPA) investigations, UK anti-corruption developments, and 2023 Deferred Prosecution Agreements (DPAs), along with visual charts and summaries of key statistics for an informative and interactive experience.