Entries by Corruption Watch

The day Russian money didn’t freeze – despite international sanctions

7th March 2022 in , /by

Countries currently imposing sanctions on Russia because of its invasion of Ukraine will wait a long time for those in power to tighten their belts, writes Ilya Shumanov of Transparency International Russia. Wealthy, influential Russians have many ways of easily getting their money out of the country, while some reside in the very Western countries that are condemning their homeland. Ultimately, those who will really feel the harsh effects of sanctions are ordinary Russian citizens.

CW welcomes new global standard on beneficial ownership transparency

7th March 2022 in , , /by

The Financial Action Task Force has approved a revision of its recommendation 24, thereby ushering in a new global standard on beneficial ownership transparency. This is not only a win for the fight against corruption and money laundering, but also a collective victory for the efforts of civil society organisations like anti-corruption watchdog Transparency International which, together with its network of global chapters including Corruption Watch, has long advocated for such an outcome.

Health departments heading for ICU, Limpopo province in particularly bad shape

2nd March 2022 in , /by

Auditor-General (AG) Tsakani Maluleke is not impressed with the financial situation at provincial health departments, and says that unpaid claims against negligence and malpractice are a major drain on the health budget. In her 2021 PFMA audit report, released in December 2021, Maluleke notes that seven provincial health departments had unpaid claims that exceeded their entire operational budget for the next year.

IEC issues party funding disclosure for 3rd quarter 2021

23rd February 2022 in , , , /by

The Independent Electoral Commission has released the party funding report for the third quarter of the 2021/22 financial year. In total, 11 political parties made declarations totalling R46 036 589.97, in terms of the Political Party Funding Act. Of those 11 declarations made, four were made by unrepresented parties and seven by represented parties.

CW and other TI chapters urge FATF to move on beneficial ownership registers

22nd February 2022 in , , /by

Corruption Watch and several other Transparency International chapters have written an open letter to the heads of delegations of the Financial Action Task Force (FATF), which is currently holding plenary and working group meetings in Paris. The letter urges FATF to speedily implement publicly accessible beneficial ownership registers across the globe, as this will help to clamp down on anonymous companies, illicit financial flows, and money laundering.