Corporate secrecy, global money laundering makes it harder for emerging economies to fight corruption

Author (Corporate)
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Series Details 03.12.14
Publication Date 03/12/2014
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Transparency International published its 20th edition of the worldwide Corruption Perceptions Index on the 3 December 2014.

Within the European Union, Italy, Greece, Romania and Bulgaria were seen as equally corrupt among EU countries, while Denmark, Finland and Sweden performed well.

The Corruption Perceptions Index is based on expert opinions of public sector corruption. Countries’ scores can be helped by open government where the public can hold leaders to account, while a poor score is a sign of prevalent bribery, lack of punishment for corruption and public institutions that don’t respond to citizens’ needs.

However, as an article in The Conversation pointed out, the Index 'is not a measure of how much corruption exists in each country but a look at opinions on the public sector. It deliberately doesn’t, for example, look at business-to-business transactions, such as rate-rigging between banks'.

Source Link Link to Main Source http://www.transparency.org/news/pressrelease/corruption_perceptions_index_2014_clean_growth_at_risk
Related Links
EUObserver, 03.12.14: Italy seen as corrupt as Greece, Romania and Bulgaria http://euobserver.com/justice/126760
The Conversation, 03.12.14: UK corruption down again but are we counting it right? http://theconversation.com/uk-corruption-down-again-but-are-we-counting-it-right-34988
Transparency International: EU Office, News, 03.12.14: Corruption Perceptions Index 2014: EU’s role in facilitating global corruption http://www.transparencyinternational.eu/2014/12/corruption-perceptions-index-2014-eus-role-in-facilitating-global-corruption/
http://www.eurotopics.net/en/home/debatten/links-2014-11-korruption/ http://www.eurotopics.net/en/home/debatten/links-2014-11-korruption/
Novi List, 04.12.14: Croatia slides further in Corruption Index (via Euro|Topics) http://www.eurotopics.net/en/home/presseschau/archiv/aehnliche/archiv_article/ARTICLE154770-Croatia-slides-further-in-Corruption-Index
Il Fatto Quotidiano, 04.12.14: Italy European champion of corruption (via Euro|Topics) http://www.eurotopics.net/en/home/presseschau/archiv/aehnliche/archiv_article/ARTICLE154828-Italy-European-champion-of-corruption
The Guardian, 03.12.14: Corruption still alive and well in post-bailout Greece http://www.theguardian.com/world/2014/dec/03/greece-corruption-alive-and-well
Euronews, 03.12.14: Turkey and China fall in Transparency International corruption index http://www.euronews.com/2014/12/03/turkey-and-china-fall-in-transparency-international-corruption-index/
Balkan Insight, 03.12.14: Kosovo, Albania ‘Most Corrupt Countries in Region’ http://www.balkaninsight.com/en/article/ti-kosovo-and-albania-worst-corrupt-countries-in-the-region
El País, 03.12.14: Spain gets passing grade in public sector corruption index http://elpais.com/elpais/2014/12/03/inenglish/1417625024_533759.html
ESO: Background information: Corruption Perceptions Index 2014 http://www.europeansources.info/record/website-corruption-perceptions-index-2014/
Kristeligt Dagblad, 08.12.14: Corruption imposes law of the jungle (via Euro|Topics) http://www.eurotopics.net/en/home/presseschau/archiv/aehnliche/archiv_article/ARTICLE154961-Corruption-imposes-law-of-the-jungle

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