World Bank construction project in Bulgaria Public procurement around the globe presents high risk for corruption. There’s a great deal of money at stake –  the OECD reckons procurement spending averages between 13 and 20 per cent of GDP – so it is important that those getting the business do it fairly. Knowing who controls […]

A new U.K. unit will investigate cases of international corruption affecting developing countries. A handout photograph taken and released April 25, 2015, by the U.K. National Crime Agency shows an officer looking through binoculars towards the tug Hamal, believed to have been carrying a shipment of cocaine, as it traveled off the coast of Scotland.Agence […]

The World Bank funds 1,800 procurement projects to the tune of US$42 billion in 172 countries, often in challenging environments. It is therefore important to have strong measures to counter corruption. Last week, the Bank announced a new procurement framework that includes many of the recommendations and suggestions Transparency International and Transparency International USA have […]

Only a few months ago, Kiev residents would normally avoid the police if they could help it. The officer would be of no use on a complaint – or worse, would demand a bribe. Not any longer. These days, Kiev residents approach members of a new police force that has hit the streets – and […]

Three years ago Czech politician David Rath was caught red handed with seven million crowns (around 260,000 euros) of stolen cash stuffed in a wine box. After a lengthy trial the former health minister and governor of Central Bohemia was found guilty of taking bribes, manipulating public tenders and harming the financial interests of the […]

The enormous growth opportunities in emerging markets for large North American- and European-based companies come with significant risks – running afoul of international anti-bribery and fraud regulations chief among them. An overwhelming majority of firms (83 percent) have suffered major loss-making incidents in emerging markets over the last five years, according to a new FTI […]

CHICAGO — Federal judges who tossed several of Rod Blagojevich’s corruption convictions endeavored to answer a question legal observers said Wednesday had gone largely unanswered: Just when does an elected official cross the line between legal and illegal political horse-trading? The 7th U.S. Circuit Court of Appeals in Chicago overturned five out of 18 wide-ranging […]

Ukraine has implemented satisfactorily, or dealt with in a satisfactory manner most of the recommendations made by the Group of States against Corruption (GRECO), the Council of Europe’s corruption watchdog stated in a report published on July 10. Established in 1999 to monitor anti-corruption efforts in Europe, GRECO said Ukraine had fulfilled 20 of the […]

Money is a magnet for corruption. In both the world of development and the world of sport, the sums changing hands are considerable. The World Bank currently oversees around $200 billion in development loans. The international sport economy is estimated to be as large as $500 billion. At first glance, the world of sport and […]

Thailand has enacted a new anti-corruption law that extends a maximum penalty of capital punishment to foreigners. Previous legislation provided various punishments, including a possible death penalty, for Thai officials convicted of bribery, though apparently no one was ever executed for the crime. The new statutes, which took effect on 9 July and are part […]