Posts

First country ratifies the Asset Declaration Treaty

Image: Wikimedia Commons By Tilman HoppeFirst published on the Global Anticorruption Blog Requiring public official to disclose their assets, income, and other information about their personal finances can be an important tool for curbing corruption. The effectiveness of such a program depends crucially on the ability to verify the disclosures’ accuracy and in particular the Read more >

SA still on FATF grey list, has more work to do

In its latest update on South Africa’s progress in addressing shortcomings in its anti-money laundering/counter financing of terrorism (AML/CFT) regime, the Financial Action Task Force (FATF) noted that the country has made progress, but has yet to do enough to warrant its removal from the so-called grey list on which it was placed in late Read more >

Mdluli will finally answer in court to corruption charges

Corruption Watch has followed the Richard Mdluli case almost since the day the organisation launched. For years Mdluli, the former head of police crime intelligence, had evaded justice relating to charges of, among others, murder, attempted murder, and assault, and in a separate case, of corruption, fraud, and money-laundering. The former head of police crime Read more >

Why does South Africa not have a Magnitsky Act?

The Magnitsky Act is an important piece of legislation in the global fight against money laundering and corruption across borders. It was enacted in the US in 2012, after the death in Russian police custody of lawyer and auditor Sergei Magnitsky, who worked with political activist Bill Browder in an investigation into the raid on Read more >

It’s time to make restitution for Fishrot, says IPPR

Image: BORGEN Magazine It’s been a decade since Samherji’s former operations director Jóhannes Stefánsson quit his job at the Namibian division of the Icelandic fishing company, to expose what is now known as the Fishrot corruption scandal. Stefánsson, who admits that he was part of the mismanagement until his conscience got the better of him, Read more >

Beneficial ownership and climate crimes: A fishy business

By Matti KohonenFirst published on Tax Justice Network In this blog we explore how climate justice and tax justice advocates can unite and demand beneficial ownership transparency for sectors prone to climate crimes.  As the Tax Justice Network has previously noted, the climate crisis and financial secrecy are closely connected. Immense pressure and a set Read more >