Corruption

Unaoil fixer paid bribes under nose of FBI

A middleman who received millions of dollars from Unaoil — a Monaco-based firm now at the center of an international bribery scandal — in return for improperly influencing officials in U.S.-occupied Iraq was also operating businesses in America. He did all this under the nose of the U.S. Department of Justice and the FBI — for years, without getting caught… Source: Unaoil fixer paid bribes under nose of FBI Read More »

Nigerian President Buhari ‘not demanding’ Cameron apology

Nigerian President Muhammadu Buhari says he wants the return of stolen assets, not an apology, after UK PM calls his country “fantastically corrupt”. Speaking at an anti-corruption event in London, Mr Buhari said he was more interested in the return of stolen assets held in British banks. Mr Cameron made the unguarded comments in a conversation with the Queen… Source: Nigerian President Buhari ‘not demanding’ Cameron apology – BBC News Read More »

Political donation laws must be reformed to make campaign financing more transparent

Editorial Seven years ago, a Victorian parliamentary inquiry suggested Australia was ranked “among the least regulated jurisdictions in the Western world” in terms of the laws that govern political donations and campaign financing. It is altogether dispiriting that nothing has changed in the interim. In terms of transparency, accountability and timeliness, the laws remain hopelessly inadequate… Source: Political donation laws must be reformed to make campaign financing more transparent Read More »

South Africa: Opposition leader warns president to step down

JOHANNESBURG (AP) — Fiery South African opposition politician Julius Malema told 40,000 cheering supporters that President Jacob Zuma should step down before the army turns on him because of the corruption allegations against him… Source: South Africa: Opposition leader warns president to step down – Washington Times Read More »

Political corruption and clashing egos push South Africa to the abyss

As if enough damage has not already been inflicted on South Africa by its current leadership, another week brought more blows to a battered country. On April 21 President Jacob Zuma presented the findings of a Commission of Inquiry that… Source: Political corruption and clashing egos push South Africa to the abyss. | America Magazine Read More »

Money laundering: New law planned to target corrupt officials

MPs, councillors and civil servants suspected of corruption are to be targeted by a new law proposed by the home secretary. Theresa May intends to establish an offence of “illicit enrichment” for cases where a public official’s assets have increased significantly without satisfactory explanation… Source: Money laundering: New law planned to target corrupt officials – BBC News Read More »

Money laundering fears over Bendigo Bank operations on Nauru

Fears over money laundering and the risk of financing of terrorism has prompted calls for Bendigo Bank to abandon any dealings with the tiny Pacific nation of Nauru. Bendigo Bank is the only bank with a presence on the island, which Australia relies on as a crucial part of its refugee policy… Source: Money laundering fears over Bendigo Bank operations on Nauru Read More »

Greens leader says $14m Brickworks grant shows need for federal Icac

Richard Di Natale highlights fact a significant Liberal donor received $14m under a carbon scheme later axed by Abbott government. The Greens leader Richard Di Natale has gone on the front foot about the need for a national anti-corruption body by highlighting the fact a significant donor to the… Source: Greens leader says $14m Brickworks grant shows need for federal Icac | Australia news | The Guardian Read More »

How did it go wrong for Dilma Rousseff?

It was only a year and a half ago that 54.5 million Brazilians went to the polls to re-elect Dilma Rousseff in one of the world’s largest democratic elections. She defeated a centre-right coalition of parties by a narrow margin and earned a mandate to carry on the legacy of the centre-left Workers’ Party, which has been ruling Brazil since… Source: How did it go wrong for Dilma Rousseff? – BBC News Read More »

Why the Panama Papers might not lead to a tax crackdown

Massive leak has sparked a global uproar and calls for action, but concrete measures will be tricky. Much ado about Panama? Maybe not. This month’s release of “the Panama Papers” — more than 11 million files on the alleged offshore tax arrangements of politicians, corporate chieftains and… Source: Why the Panama Papers might not lead to a tax crackdown – POLITICO Read More »

What the Panama Papers tell us about Ireland

What links Putin, Flannery, and a Cavan man called ‘Paudie’? The Panama Papers dominated global media this week, toppling the Icelandic prime minister and embarrassing the UK’s, infuriating President Putin and prompting China to leap into censorship mode to try to protect its political… Source: What the Panama Papers tell us about Ireland Read More »

Why few Americans in Panama Papers? Lawyer doesn’t want them

Rich and influential people around the globe have found themselves under siege since a major data leak revealed their ties to secretive financial accounts and shell companies in low-tax havens used to hide wealth.. The uproar has brought down the prime minister of Iceland and raised questions about the presidents of Argentina and Ukraine, senior… Source: Why few Americans in Panama Papers? Lawyer doesn’t want them – Chicago Tribune Read More »

Bribing Nigerian official ‘a cost of doing business’, ex-Securency employee tells UK court

Bribing a Nigerian official was just “a cost of doing business”, the former financial director for Australian Reserve Bank subsidiary Securency has told a London court.. “At the time there was disappointment, but I agreed to proceed with it,” said David Ellery, who was Securency’s financial controller and company secretary until 2010… Source: Bribing Nigerian official ‘a cost of doing business’, ex-Securency employee tells UK court Read More »