While systemic corruption remains a pervasive challenge in many countries around the world, it is also a growing global phenomenon beyond the purview of individual countries or communities.1 Corrupt actors engage in bribery across borders, co-opt and misuse high-value commodities and global supply chains, and utilize the international financial system and professional service providers to hide ill-gotten assets offshore. Recent research and investigative journalism, such as the Panama and Pandora Papers, have documented the extent to which legal and regulatory deficiencies in the international financial system and other professional service industries allow corrupt actors the means to transfer and conceal ill-gotten gains.
Last updated: December 05, 2022
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