Corruption

Corruption will never die, but we can do more to stamp it out: here’s how

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Corruption is not always an easy thing to pin down Sure, brown paper bags stuffed with wads of cash are easy enough to figure out. Jessica Irvine Brisbane Times But outright bribery is only one of the myriad ways individuals or businesses may seek to pervert government decisions to their advantage. The problem stems from the fundamental nature of our economy In first-year text books, economics students are taught that market forces of supply and demand determine prices. But rarely, ... Read More »

IPA joins forces with GetUp! to condemn ‘unprecedented and dangerous’ donations law

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The right-leaning Institute of Public Affairs has joined the Greens, charities and activist group GetUp! in slamming the Turnbull government’s “unprecedented and dangerous” bid to clean up the political donations… Michael Koziol The Age The think tank, which is often aligned with the Coalition on key policy questions, blasted the plan as unnecessary and excessive, arguing the legislation was so poorly drafted as to go “way beyond” its declared… Under the bill before Parliament, political parties, associated entities and all ... Read More »

Seeking Political Stability Abroad? Fight Corruption.

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Citizen anger over government malfeasance has erupted into massive protests and driven out presidents and politicians Thomas Carothers Christopher Carothers The National Interest Last month, a cascade of corruption cases shook national leaderships on multiple continents. Peruvian president Pedro Pablo Kuczynski narrowly escaped impeachment relating to his alleged involvement in the metastasizing South American corruption scandal involving Brazilian construction giant Odebrecht. Dogged by serious accusations of corruption, South African president Jacob Zuma saw his preferred successor as head of the ... Read More »

Artificial intelligence predicts corruption

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Researchers from the University of Valladolid (Spain) have created a computer model based on neural networks which provides in which Spanish provinces cases of corruption can appear with greater probability, as well as the conditions that favor their appearance. EurekAlert! This alert system confirms that the probabilities increase when the same party stays in government more years. Two researchers from the University of Valladolid have developed a model with artificial neural networks to predict in which Spanish provinces corruption cases ... Read More »

Ukraine: Will the Centre Hold?

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Far from the deadly battle against Kremlin-backed separatists in its eastern provinces, Kyiv faces a groundswell of resentment and disenfranchisement among citizens in the country’s west. ICG To restore faith in the state’s laws and institutions, the government must address endemic corruption to win back those in the state’s margins. What’s the issue? While the war in Ukraine’s eastern region of Donbas rumbles on, the regions of Polissya and Zakarpattya in the country’s west are corroded by systemic state corruption. ... Read More »

Zimbabwe’s “Military-assisted Transition” and Prospects for Recovery

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President Emmerson Mnangagwa has the chance to embark on a much-needed process of economic and governance reform in Zimbabwe ICG The military’s role in the political transition casts a shadow on the road to credible elections, which remain a priority if his government is to earn national and international legitimacy. What’s the issue? After Zimbabwe’s military intervened to bring an end to 37 years of rule by former President Robert Mugabe, their continued presence as key political players may complicate ... Read More »

Most Australians support a federal anti-corruption commission: research

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Most Australians want the government to create a federal anti-corruption commission, make its national agencies more independent and set four-year parliamentary terms, according to a new report led by one of the nation’s most respected former public… Doug Dingwall The Canberra Times The findings come as Prime Minister Malcolm Turnbull for the first time suggested he was prepared to consider creating a federal anti-corruption watchdog, but said he was not yet persuaded the case had been made for such a… While the discussion paper released ... Read More »

Confronting Corruption: Commitment, Innovation, Impact

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The World Bank Group (WBG) will mark International Anticorruption Day with a program of events that includes several panels and a 60-minute live conversation with WBG President Kim and former WBG President Wolfensohn. This event will be co-moderated by Pascale Hélène Dubois, Vice President of Integrity, and Deborah Wetzel, Senior Director, World Bank Governance Global Practice. World Bank Headquarters – video Read More »

Venezuela: Hunger by Default

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Economic mismanagement, corruption and dwindling reserves have forced Venezuela into penury and now into missed payments and partial default on its debts ICG Full-scale, internationally supervised negotiations involving a restored parliament are essential to pave the way to a debt restructuring and a free, fair presidential election. What happened?  On 14 November, credit ratings agencies declared Venezuela in partial default on its foreign debt, after the country failed to meet a $200 million payment to bondholders. Why did it happen?  Economic mismanagement ... Read More »

The Saudi Crown Prince Is Gambling Everything on Three Major Experiments

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A perceived failure on any of these undertakings could produce a crisis of legitimacy Hussein Ibish The Atlantic Call it shock and awe. Call it a purge. Call it a clean sweep.However it’s characterized, the mass arrest of some of Saudi Arabia’s most prominent royals, administrators, and tycoons last weekend has completely upended both the structure of the Saudi elite and the country’s way of doing business.It’s not exactly the Night of the Long Knives, as the luxurious Ritz-Carlton hotel ... Read More »

Lira crashes as Erdogan, Turkish gov’t implicated in Iran money-laundering scheme

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Case of Reza Zarrab seen as flash point in US-Turkey relations Asia Times The Turkish lira plummeted Friday after reports surfaced that a trader accused of helping Iran evade sanctions invoked the name of Turkish President Recep Erdogan as part of a money-laundering scheme. Bloomberg reports, citing court documents, that US prosecutors say the scheme was supported by Turkey’s… The lira dropped to its weakest point since January, hovering around an all-time low for the currency. From Bloomberg: ”US prosecutors in ... Read More »

Cyprus gave Manafort bank records to Mueller: report

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Authorities in Cyprus reportedly gave documents about former Trump campaign chairman Paul Manafort’s financial activities to special counsel Robert Mueller. Avery Anapol TheHill Citing people familiar with Mueller’s investigation, Bloomberg  reports that Cyprus gave Mueller’s team documents relating to Manafort and his associate Richard Gates just dates before they were indicted Monday. The 12-count indictment, stemming from Mueller’s probe of Russian interference in the presidential election, charges Manafort and Gates with money laundering and conspiracy against the United States, among… Cyprus gave Manafort… Read More »

Ex-Argentine Vice President detained on laundering charge

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Former Argentine Vice President Amado Boudou has been detained on charges of illicit enrichment and money laundering, joining other members of the administration of former President Cristina Fernandez who are under arrest. BUENOS AIRES – The Associated Press Hurriyet Boudou also served as economy minister during the 2007-2015 administration of Fernandez. A woman who works in the court of federal Judge Ariel Lijo says Boudou was detained in his Buenos Aires apartment Friday by coast guards and will be brought ... Read More »

Don’t Give up on Moldova

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Moldova is stuck in a geopolitical tug-of-war. The West should make more of an effort to pull it into its orbit Andrew Foxall Moldova—Europe’s poorest country—has struggled with the challenges of post-Soviet transition. The National Interest This transition has become vastly more difficult as a result of the breakdown of Europe’s post-Cold War security order in 2014. It is now caught up in a geopolitical tug-of-war between Russia and the West, and is at risk of becoming Europe’s next security crisis, with potential ... Read More »

Money laundering trial could further chill already tense US-Turkish relations

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U.S. and Turkish relations are already severely strained, and an upcoming trial in New York involving a businessman with links to Ankara’s political elite could see the situation worsen. Jeff Daniels CNBC The trial is likely to result in “a lot of dirty laundry getting aired,” according to an insider close to the case. “It is going to be very embarrassing to the Turks.” “There’s bad blood on both sides,” said Bulent Aliriza, founding director of the Turkey Project at ... Read More »

Miners leave themselves open to corruption, report finds

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US President Donald Trump described it as “draining the swamp”, a political promise he made to rid business and politics of deep-seated bribery and… Adele Ferguson The Sydney Morning Herald It could equally be applied to Australia, which has had its fair share of scandals and political capture in the past few… But understanding where the risks lie can be a useful first step in tackling the problem. Following a string of mining scandals, Australia’s biggest mining states Western Australia and ... Read More »