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At a time when corruption is perceived to be on the increase in the UK, a misinformed de-regulatory initiative is looking at rolling back efforts to fight corruption by watering down the Bribery Act.

The Global Corruption Barometer, published yesterday by TI, indicates that there are deep problems with UK politics; problems of public mistrust, perceptions of state capture by powerful interests, and, above all, complacency.

 

There needs to be full understanding of the damage caused by facilitation payments on companies and societies. This understanding is lacking in the current debate on a revision of the Bribery Act.

Depressing but not shocking: that would be the reaction of most to reports that the CIA and MI6 have given large amounts of cash to senior members of the Afghan government to buy influence.

The Chief Executive Officer of Finmeccanica, Giuseppe Orsi, was arrested yesterday due to allegations of bribery and tax fraud. Bruno Spagnolini, the CEO of AgustaWestland helicopter unit, was placed under house arrest over the same charges.

Our Defence and Security team will launch its new Government Defence Anti-Corruption Index on Tuesday 29 January 2013. The index will provide a detailed analysis of the corruption risks faced by the defence establishments of 82 countries around the world. In preparation, project officer Leah Warwo examines the risk of political corruption in the defence sector. For politicians looking to illicitly fund their election campaigns, the defence sector—with big deals, huge budgets, high secrecy, and funded with your taxpayers money—can be a prime target.

Our Defence and Security team has today launched the Defence Companies Anti-Corruption Index (CI).This is a brand new Index that has taken us almost two years to complete. It analyses whether the world’s biggest defence companies – 129 companies from 31 countries – are doing enough against corruption.

On 4 October 2012, for the first time the public, governments, and industry will be able to assess what defence companies do—and fail to do—to prevent corruption.

 

The global economic recession and persistent high levels of unemployment have forced the issue of corruption in business into the light as people are beginning to recognise the corrosive effects it has on society.

Further data from the 2011 Bribe Payer’s Survey on perceptions of corruption has been released this week. 

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