Transparency International says more needs to be done to stop illicit financial flows

Issued by Transparency International Secretariat



Transparency International today called on the United Nations and its member states to do more to ensure development funds reach the people they are meant to help by establishing global mechanisms to stop illicit financial flows.

“Corruption siphons funds that would otherwise have been dedicated towards fighting poverty,” said Transparency International Vice Chair Akere Muna. “While the sources of illicit financial flows may be many and diverse, corruption remains the single crosscutting driver. To facilitate the mobilisation of domestic resources by governments to fight against poverty, Transparency International strongly advocates all necessary action be taken to stop illicit financial flows.”

Transparency International specifically called on the United Nations and its member states at the Financing for Development meeting in July 2015 to ensure that global mechanisms are put into place to fight against illicit financial flows, which seriously undermine and impede the allocation of sustainable funding for development.

Furthermore, the financial sector must address the problem of illicit financial flows in all its forms in the world’s global financial system by ensuring financial transparency.

Transparency International called on governments around the world to adopt public registries of beneficial ownership, as this constitutes a major safeguard against those who use the absence of disclosure of beneficial ownership as a means of hiding illicit gains.


For any press enquiries please contact

Chris Sanders
T: +49 30 34 38 20 666
E: .(JavaScript must be enabled to view this email address)

Solicitude

Support Transparency International

الأبعاد الخطيرة للتعديلات الدستورية المقترحة في مصر

يتأهب نواب البرلمان المصري للمصادقة على سلسلة من التعديلات الدستورية، التي ستؤدي في حال تمريرها إلى ترسيخ مزيد من السلطة بيد الرئيس، وتنصيب الجيش مجددا كأعلى سلطة في البلاد.

The alarming message of Egypt’s constitutional amendments

Parliamentarians in Egypt look set to approve a series of constitutional amendments this week that, if passed, would consolidate power in the office of the president, while restoring the military as the ultimate authority in the country.

Восточная Европа и Центральная Азия: слабая система сдержек и противовесов

Индекс восприятия коррупции (ИВК) за этот год представляет печальную картину касательно мер по борьбе с коррупцией в Восточной Европе и Центральной Азии. За несколько лет в этом регионе был достигнут очень незначительный прогресс в борьбе с коррупцией.

الشرق الأوسط وشمال أفريقيا: انتشار الفساد في ظل ضعف المؤسسات وتراجع الحقوق السياسية

كشف مؤشر مدركات الفساد 2018 عن صورة قاتمة لواقع الشرق الأوسط وشمال أفريقيا حيث أن معظم بلدان المنطقة قد أخفقت في مكافحة الفساد على الرغم من أن قلة قليلة من البلدان قد أحرزت تقدما تدريجيا.

Afrique subsaharienne:Les régimes non démocratiques sapent les efforts de lutte contre la corruption

L’Indice de perception de la corruption (IPC) présente cette année un tableau bien sombre de l’Afrique : seuls 8 pays sur 49 obtiennent un score supérieur à 43 sur les 100 points que compte l’Indice. Malgré l’engagement pris par les dirigeants africains de faire de 2018 l’Année africaine de lutte contre la corruption, les avancées concrètes se font encore attendre.

Trouble at the top: why high-scoring countries aren’t corruption-free

For the third year running, the top seven countries in the Corruption Perceptions Index 2018 consist of the four Nordic nations – Denmark, Finland, Sweden and Norway – plus New Zealand, Singapore and Switzerland. Yet that doesn’t mean that these countries are corruption-free.

Americas: el debilitamiento de la democracia y el auge del populismo

Con una puntuación media de 44 sobre 100 durante tres años consecutivos en el Índice de Percepción de la Corrupción (IPC), las Américas continúa sin lograr avances significativos en la lucha contra la corrupción.

Why rather

Follow us on Why rather