22nd May 2017
The government’s new regulation granting federal tax authorities greater access to individual financial account information will not disrupt status quo banking activities, an economist said on Wednesday (17/05). “The implementation of this regulation in lieu of law isn’t expected to disrupt the banking sector, as most banks in OECD [Organisation… Read More
14th April 2017
The World Bank Group announced the debarment of Consia Consultants ApS for 14 years for fraud and corruption. Consia’s Managing Director was also debarred for three and a half years. The World Bank’s Integrity Vice Presidency said in a statement that it found evidence that Denmark-based Consia “made payments to… Read More
22nd February 2017
A group of women are educating bureaucrats, school children and police about the wrongs of corruption. Read More
On 17 January 2017, at Southwark Crown Court, Lord Justice Leveson approved a deferred prosecution agreement (“DPA”) between the Serious Fraud Office (“SFO”), and Rolls-Royce Plc and Rolls-Royce Energy System Inc (“Rolls-Royce”).[1] The third DPA agreed by the SFO has led some to wonder whether DPAs have finally come of age as a weapon the SFO’s enforcement arsenal. Read More
2nd February 2017
If the Senate approves, it could change how multinationals deal with foreign governments. Read More
27th January 2017
Mr Jammeh, thought to now be in Equatorial Guinea, is not the first leader accused of lining his own pockets with state funds. In fact, many have taken far more. Here are some of the worst offenders. Read More
9th January 2017
In the 2015 Corruption Perception Index, Indonesia improved its ranking to 88, up from 107 the previous year. Despite some skepticism regarding the validity of this ranking, many international observers believe that a large contribution to this improvement is the current government’s strong initiatives to improve governance and accountability, in… Read More
25th October 2016
The National Narcotics Agency (BNN) has discovered money laundering activities from the drug trade affecting nine countries, including China. The total amount of cash uncovered was Rp3.6 trillion, of which, 2.7 trillion from drug trade, stashed abroad, BNN Chief Commissioner General Budi Waseso said here, Monday. The commissioners report was… Read More
21st October 2016
Two years after President Joko “Jokowi” Widodo and Vice President Jusuf Kalla entered office, there has been no significant improvement in Indonesia’s war against corruption, a watchdog has said. Indonesia Corruption Watch (ICW) legal researcher Aradila Caesar said Jokowi had shown a positive intention to support the Corruption Eradication Commission’s… Read More
19th October 2016
The great expectations of bringing back wealthy Indonesians’ funds from overseas under the tax amnesty have hit a snag, with many declaring their assets in the program, but with little repatriation. As of Tuesday evening, Rp 143 trillion (US$11.01 billion) have been repatriated under the amnesty, a fraction of the… Read More