OUR GLOBAL MOVEMENT
Using data from Companies House and more than 50 corruption and money laundering cases, this paper sets out the likely scale of abuse of Limited Liability Partnerships (LLPs) in high-level white-collar crime.
It builds on our previous work, and that of others, investigating the involvement of UK legal entities in financial crime. While this is a problem well documented in exposés by journalists and recognised by the government, its extent remained unknown. Until now.
Our analysis of all 146,948 LLPs incorporated between April 2001 and September 2021 reveals 21,002 (14 per cent) showed three or more money laundering red flags.
Russia’s war on Ukraine, its impact on our economy, and the use of LLPs and other UK legal entities to skirt sanctions, demand a renewed impetus for expedited reform.
‘Hidden Costs: US private military and security companies and the risks of corruption and conflict’ catalogues conflict and corruption around the world – harm caused by leaving the privatisation of national security to grow and operate without proper regulation.
This report paper documents dozens of cases. The Saudi operatives responsible for the savage murder of the Washington Post journalist Jamal Khashoggi received combat training from a US security company.
One year on from Afghanistan, exploitation of global conflicts is becoming a bloodier business. Most private military and security firms are registered in the US, so we are calling on Congress to take a leading role in pushing through meaningful reforms under its jurisdiction when draft legislation faces review in September. The time has also come for accreditation standards to be enforced rather than only encouraged, at both a national and international level.
Impact investors play a critical role in international efforts to meet the United Nations Sustainable Development Goals. Estimates of the volume of capital managed in this sector range from USD 500 billion to 2 trillion and the figure is growing.
These investors have ambitious goals to drive positive economic, environmental and social change through investment. Investing with integrity is fundamental if impact investors are to meet these goals. Business integrity is central to fulfilling a development mandate, and should not only be a matter of compliance. Without this insight, the positive forms of impact that investors seek are in jeopardy.
While there is existing guidance on business integrity standards, this report is the first to explore in detail the realities of implementation in impact investing in emerging and frontier markets. It illustrates the challenges which arise and how impact investors can best respond.
