Sep 19, 10:04 AM EDT Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury World By AFP News 09/19/19 AT 9:51 AM Hollywood star George Clooney's investigative project The Sentry on Thursday urged the international community to act over alleged links between global corporations, tycoons and foreign governments and rampant corruption in South Sudan.The Sentry -- co-founded by Clooney and former US official John Prendergast -- accused individuals and corporations worldwide of profiting from South Sudanese politicians and military officials "ravaging the world's newest nation".In a 64-page report, the organisation called on the United States to expand its sanctions regime to target those involved and asked Britain and the European Union to impose sanctions on human rights violators and their networks."The South Sudanese politicians and military officials ravaging the world's newest nation received essential support from individuals and corporations … [Read more...] about Clooney Group Calls For Action In S Sudan Corruption Report
Global corruption report
Transparency International (TI), the global organisation against corruption, has published a policy study, Transparency in Corporate Reporting: Assessing the World’s Largest Companies (the study). The study ranks 105 of the top publicly-traded companies, based on their advertised commitment to transparency. Overall, these companies showed improvement in their level of anti-bribery and corruption reporting when compared with a similar TI study conducted in 2008. Despite the improvements, TI urges these companies to take additional action to further increase the transparency of their operations.The Study Although transparency does not necessarily equal a good anti-bribery and corruption performance, TI believes that reporting demonstrates a company’s commitment to countering bribery and corruption and increases the accountability of the board of directors. TI assessed the 105 companies, together worth more than US$11 trillion, by compiling data collected … [Read more...] about Corporate Reporting on Anti-Bribery and Corruption Measures
The UK Anti-Corruption Plan, published in late 2014, sets the strategic direction for anti-corruption activity in the UK.It contains 66 action points that the UK government will undertake by the end of 2015 in line with four components:Pursue – prosecuting and disrupting people engaged in corruption;Prevent – preventing people from engaging in corruption;Protect – increasing protection against corruption; andPrepare – reducing the impact of corruption where it takes place.The Plan states that the immediate priorities in the UK are to: Build a better picture of the threat from corruption and the UK’s vulnerabilities; Increase protection against the use of corruption by organised criminals and strengthen integrity in key sectors and institutions, including the criminal justice system and regulated professions; and Strengthen law enforcement response so that the UK can pursue, more effectively, those who engage in corruption or launder their corrupt … [Read more...] about Pursue, Prevent, Protect And Prepare – The UK Government’s Anti-Corruption Plan
In recent days, Citi strategist Jonathan Stubbs and his colleagues have warned that the global economy is trapped in a “death spiral.” Economist Mohamed El-Erian says that the era when policymakers could rely upon growth from easy money provided by Central Banks is over, and went on too long. Nouriel Roubini, also known as Dr. Doom for calling the mortgage crisis before most others, believes that extreme volatility, sluggish growth, deflationary pressures, financial stress and “unconventional” monetary policies are part of a “new abnormal” that could last for years.  William White, who heads the OECD’s Economic Development and Review Committee, not only warned of a possible financial crisis before it hit, but in 2012 wrote convincingly about the potential for “ultra-easy money” policies to have the unintended consequence of making things worse over time. Larry Summers now sees a one-in-three chance of a … [Read more...] about Can the G20 Pull the Global Economy Out of its Stall?
During his political campaign, the newly elected President Pedro Pablo Kuczynski promised to tackle corruption arguing that it was one of the most important impediments to investment and growth in Peru. Using special legislative powers granted by Congress as a quick mechanism for the enactment of planned reforms, Kuczynski and his administration have already enacted 112 legislative decrees, including a number of significant anti-corruption measures.One significant measure geared towards the prevention of corrupt activities bars entities convicted of corruption from participating in government contracts. Another measure created a body called the Autoridad Nacional de Transparencia y Acceso a la Información Pública (National Authority for Transparency and Access to Public Information), which, as its name suggests, is meant to increase government transparency and public access to information. Also included in the reforms is the widely-publicized and long-touted … [Read more...] about Strengthening Anti-Corruption Reform in Peru