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CORRUP$ION: Perception vs. Reality---TI's 2012 Index


Corruption Remains Widespread Global Problem

Anger over corruption has sparked mass demonstrations and even toppled governments in the past few years.  But a global study published Wednesday by Transparency International finds the problem remains widespread. The group's Huguette Labelle says a majority of countries have a serious corruption problem. “This translates into human suffering, with poor families being extorted to pay bribes to see doctors or get access to clean drinking water,"


Selected related articles:

TI Rankings Released with Few Surprises: The bottom line seems to be that both world's most and least corrupt countries stood pat.

Latin America: Region one of worst for corruption - Despite economic strides, two-thirds of Latin America averaged in the bottom half of the 2012 Transparency International corruption rankings. Countries like Brazil, however, offer some hope.

Best, worst nations for corruption: While China has become the world's second largest economy, doing business in China is now perceived to be more corrupt, according to Transparency International

Making the world flat-out against corruption The latest ranking of perceived corruption among nations doesn't show much change. But other evidence points to a grassroots rebellion against graft in hopes of a culture of honesty.

The most corrupt countries 2012: Transparency International's Corruption Perceptions Index ranks nations based on how corrupt they're perceived to be

Corruption: a globalisation of risk - In TI's survey generally, the richer the country, the lower the perceived levels of corruption. But that doesn't spare companies based in the developed world from serious challenges.

Greece can root out corruption - just like Hong Kong did: A strong anti-corruption body helped turn Hong Kong around. Now it rides high in an index that embarrasses Greece

Is Corruption Getting Worse or are we simply becoming more open about discussing the problems that exist? Over the past two years, there is evidence of a stronger political and societal imperative to address corruption in its many facets.

CLICK HERE to go to the Transparency International 2012 Corruption Perception Index

Malacañang lauds Phl gains in corruption survey

MANILA, Philippines - Malacañang has welcomed the latest results of the Transparency International Corruption Perception Index (CPI), which showed an improvement in the country's anti-corruption drive, although the country's ranking still remains low.

The Globe and Mail

A list of the world's most corrupt countries released by Transparency International on Dec. 5 includes some of the past decade's fastest growing markets. Corruption may not be enough to derail growth or scare away investors, but that doesn't mean it won't...

Anti-Corruption Group Says Abuse of Power Still 'Very High' in Many Countries

Gov't to push reforms vs. corruption

. Gov't to push reforms vs. corruption. THE GOVERNMENT will continue to push good governance reforms in its fight against corruption to make the country a viable investment destination, a Cabinet official said on ...

Transparency report should sound warning bells

Economic growth and development need social stability and the rule of law, so that people and entrepreneurs feel that it is safe to invest and seize opportunities to improve their living standards and that of their families. Corruption — in any form — takes away ...

Corruption on the rise in Zimbabwe

The recently launched Transparency International Corruption Perceptions Index has indicated that corruption is on the rise in Zimbabwe, a revelation that flies in the face of the Anti-Corruption Commission. 07.12.1202:56pm Tweet Share. by Staff Reporter...

India ranked 94th in 2012 Corruption Perception Index released by ...

India was ranked 94th out of 176 countries in Transparency International's 2012 Corruption Perception Index (CPI) released on 5 December 2012. In 2011, India was ranked 95 out of 183 countries. Denmark, Switzerland and Finland topped the index with a...

Governments should hear the global outcry against corruption, says NGO

A growing outcry over corrupt governments forced several leaders from office last year, but as the dust has cleared it has become apparent that the levels of bribery, abuse of power and secret dealings are still very high in many countries. Transparency ...

Economic freedom and corruption perception index

It is again time to announce year end results. There are two good news for Malaysians. One of the good news is, the country has jumped seven places to the 71st spot out of 144 countries in the Economic Freedom for the World: 2012 Annual Report and...

CPI improvement a boost to investor confidence: Mustapa

KUALA LUMPUR (Dec 7, 2012): The improvement achieved by Malaysia in the Corruption Perception Index (CPI) this year will further boost investor confidence in Malaysia, among foreign and domestic investors, International Trade and Industry Minister ...

EU's most corrupt state

ON top of the litany of woes that have befallen Greece, comes the news that the eurozone's weakest link is also its most corrupt. From holding 80th place in the 176 countries on Transparency International's corruption perceptions index in 2011, Greece's ...

Malaysia to improve public perception on corruption - Najib

KUALA LUMPUR, Dec 6 (Bernama) -- Malaysia will continue to fight corruption and improve its standing in the Corruption Perception Index (CPI), said Datuk Seri Najib Tun Razak. The Prime Minister in his latest tweet tonight said: "Malaysia moved up another ...

Still corrupt

Corruption is universal, and there is no country that is free of it. However, there are wide variations across the world and the release of the Global Report, 2012, by Transparency International (TI) confirms that in one thing at least Pakistan remains consistent ...

Corruption Perception Index 2012 : Malaysia to continue fighting corruption in all ...

KUALA LUMPUR, Dec 7 (Bernama) -- Transparency International's Corruption Perception Index (CPI) results released yesterday ranked Malaysia at the 54th place out of 176 nations surveyed. Malaysia's global ranking has improved compared to last year,...

Pakistan: No brownie points for effort in CPI 2012

Transparency Interna-tional, the leading international watchdog fighting corruption worldwide, has released its 18th annual Corruption Perceptions Index for 2012, ranking Pakistan on the 139th position amongst 176 countries. The CPI, which is a combination ...

A freefall in corruption

In public perception, Pakistan today is more corrupt than it was last year and perhaps ever before, and in that it has come to reside in the company of most corrupt of the international community. Not that we are unaware of the 'regress' in that direction; we ...

Israel continues slide in corruption perception poll

Citizens rank public sector as slightly less corrupt than in 2011, but Israel continues to fall behind relative to other countries. chart Photo: Screenshot. Israelis increasingly perceive their public sector as corrupt relative to other countries, according to a global ...

Chaika Says Fighting Corruption Top Priority

A day after Russia once again ranked within the bottom third of Transparency International's corruption index, Prosecutor General Yury Chaika said the battle against corruption remained a top priority. "Fighting corruption is one of the main priorities of state ...

EDITORIAL - Steady improvement

A jump of 24 percent is a notable improvement. For the administration of daang matuwid or straight path, however, ranking 105th among 176 countries – up from 129th place – in the latest Corruption Perception Index is still not much to crow about. The CPI...

Afghanistan's Rock-bottom Global Corruption Ranking

The 2012 Transparency International Corruption Perceptions Index (CPI), published yesterday, finds Afghanistan at absolute rock bottom, sharing this dismal place with North Korea and Somalia. Despite the flow to Afghanistan over the last decade of ...

Greece seen as most corrupt European nation, survey says

The countries worst hit by the European financial crisis are also perceived as being among the most corrupt in Western Europe, and those perceptions appear to be getting increasingly negative, an international watchdog said in a report released Wednesday.

'Rule of law can end corruption in Pakistan'

Analysts say that corruption continues to go unbridled and unchecked in Pakistan as Transparency International has ranked Pakistan the 33rd most corrupt country in the world. Pakistan has gone from being the 42nd most corrupt country in the world in 2011 ...

Ingrained corruption

International Anti-Corruption Day is marked on 9 December, yet Egypt does not have much to show for itself this year. Soon after the 25 January Revolution, everybody thought things would change: no more bribes to facilitate one's business or get oneself off ...

Israel ranks 39 on world corruption index

Home · News · National. Israel ranks 39 on world corruption index. Transparency International's corruption perception index shows corruption isn't improving around the world, it's getting worse. By DPA | Dec.05, 2012 | 9:57 AM | 10. Tweet. Garbage piling up ...

Nepal among most corrupt nations: report

Transparency International, a global anti-corruption watchdog, has listed Nepal among the most corrupt countries in the world. Nepal ranked 139th out of 174 countries with a score of 27 on its Corruption Perceptions Index (CPI). A country with a score of zero ...

More reforms to tackle graft

PETALING JAYA (Dec 6, 2012): The government will continue to push for reforms and fight corruption even as the nation's ranking in the global Corruption Perception Index (CPI) has improved, albeit slightly. The initiatives that will be implemented to tackle ...

Book Talk: At base camp on the climb to conquer corruption

LONDON (Reuters) - Frank Vogl, who co-founded the anti-corruption group Transparency International (TI) in 1993, believes campaigners have reached base camp in their fight to end the abuse of public office for private gain. TI has offices in more than 100 ...

Malaysia's Position In CPI Proves Reformation By Government Effective

KUALA LUMPUR, Dec 6 (Bernama) -- Malaysia's improved ranking on the Corruption Perception Index (CPI) to 54th spot this year from 60th last year indicates all efforts and reforms by the government were effective. Association of Certified Fraud Examiners, ...

Israel ranks 39th in corruption index

Ynetnews - ‎Dec 6, 2012‎
Israel Travel · Shop. Bare Pass. Israel receives score of 60 in perceived level of public sector corruption Photo: Avigail Uzi. Israel ranks 39th in corruption index. Jewish state down three places from 2011, nine places from 2010 in Corruption Perceptions Index.

Botswana still among the least corrupt countries worldwide

Transparency International has reportedly listed Botswana as the least corrupt country in Africa with improved international ranking and score. According to Gabzfm news, the annual Corruption Perception Index that was released by Transparency ...

Rule of Law Index Map

The WJP Rule of Law Index® is an innovative quantitative assessment tool designed by the World Justice Project offering a detailed and comprehensive picture of the extent to which countries adhere to the rule of law in practice. It provides original data regarding a variety of dimensions of the rule of law, enabling the assessment of a nation’s adherence to the rule of law in practice, identify a nation’s strengths and weaknesses in comparison to similarly situated countries, and track changes over time. (The following video of the launch of the Index is 1 hour and 44 minutes)

Fraud Reports Climb Still Higher

Reports of fraud by corporate employees have continued their ceaseless rise so far this year, according to the Quarterly Corporate Fraud Index. The current drivers are increasing awareness of fraud, mandated whistle-blower protections, and changing company cultures. The index measures reported frauds as a percentage of all compliance-related reports. Most recently, for the second quarter of 2012, that ratio climbed to 22.9%, up from 21.7% for the same quarter in 2011. “This index essentially has been going up since the day we started tracking it [in 2005]”...

Bribery Unsettles Boardroom Stomachs, Survey Finds

Ramped up enforcement of laws like the U.S. Foreign Corrupt Practices Act and the U.K. Bribery Act have caught the attention of boards of directors. According to a new survey, one third of board members at public companies cite corruption and bribery as the greatest fraud risk facing their company. The survey also found that directors are acutely aware of that risk when it comes to their dealings with officials of foreign governments. More than two thirds of the directors surveyed said their companies do business abroad, of those 57% said they interact with foreign officials and 32% believe risks related to bribery of those officials have increased over the past two years.

BDO Press Release on Survey


Quarterly Corporate Fraud Index second quarter findings

Majority of Americans to Factor a Candidate's Commitment to Root Out Corporate Wrongdoing into Voting Decision, According to Labaton Sucharow Survey Respondents Have Firsthand Knowledge of Corporate Wrongdoing and Believe the Government Has Not Done Enough to Stop it

US VOTER SURVEY: 64% say corporate misconduct helped bring about economic crisis...81% say government has not done enough to stop corporate wrongdoing.

With less than two months to go before the U.S. presidential election, a new survey found 61 percent of Americans say a candidate's commitment to rooting out corporate wrongdoing will be key in deciding who gets their vote...
"Americans are mad as hell about corporate wrongdoing and are going to do something about it in the November elections and beyond," said Jordan Thomas, a partner at law firm Labaton Sucharow, which commissioned the survey...
61 percent report that a candidate's commitment to rooting out corporate wrongdoing will be a significant factor in their voting decision in November.  Particularly telling, 77 percent of Americans believe politicians generally favor corporate interests over their constituents' interests and 81 percent do not believe the government has done enough to stop corporate wrongdoing.  The data also revealed 54 percent of Americans have personally observed or have first-hand knowledge of wrongdoing in the workplace and 64 percent believe that corporate misconduct was a significant factor in bringing about the current economic crisis...
18 percent of Americans polled felt that their employers' ethical values took a back seat to bottom line profits. With respect to acting on reports of misconduct, 24 percent of Americans would fear retaliation if they reported wrongdoing in the workplace and 20 percent believe that a report of wrongdoing would not be appropriately handled by their employer.  

TI REPORT: Foreign Bribery Enforcement Largely Limited to West

Enforcement of laws prohibiting bribes to foreign officials is almost exclusively isolated to the U.S. and Western Europe, a new report found. Of the top seven countries that actively enforce foreign bribery laws, all are located in the West...The U.S. was by far the most active enforcer with 275 cases completed as of 2011, and 113 investigations underway. The rest of the top seven was rounded out (not in order) by: Germany, U.K., Italy, Switzerland, Norway and Denmark... the total number of cases that have been prosecuted since the convention was passed  jumped from 564 in 2010 to 707 in 2011...more than 250 individuals and almost 100 companies were sanctioned as a result of foreign bribery-related cases by the end of 2011. So far, 66 people have gone to jail in those countries for bribing overseas officials in business deals.


GALLUP: Americans Want Next President to Prioritize Jobs, CORRUP$ION

Creating good jobs, reducing corruption in the federal government, and reducing the federal budget deficit score highest when Americans rate 12 issues as priorities for the next president to address.
Next, how important a priority should each of the following issues be for the next president -- extremely important, very important, somewhat important, or not that important. How about -- [RANDOM ORDER]? July 2012 results

Poll: Corrup$ion is No. 2 issue for 2013

Combating Corporate Corruption Risk in Latin America: 2012 Latin America Corruption Survey

A new survey of corporations throughout the region reports an increase in the adoption of compliance measures and greater awareness of the U.S. Foreign Corrupt Practices Act—while also illustrating the persistent sentiment that effective laws and enforcement are wanting...
The survey respondents clearly identified how corruption impacts their companies: 44 percent agreed that corruption presents a “significant obstacle to doing business”—down from 48 percent who thought that way in 2008, the last time the survey was administered. Overall, 51 percent of respondents believe “they have lost business to competitors that have made illicit payments,” while 72 percent say the anticorruption laws in their country are not effective...85 percent of respondents said their company’s management “has taken steps to protect the organization from corruption risk”—up from 77 percent of respondents in 2008.

The top measures that are being implemented by management, according to respondents, are: anticorruption policy (81 percent); procedures for gifts, travel, and entertainment for officials (nearly 70 percent); procedures for charitable and community donations (62.6 percent); and anticorruption training (61 percent).

Click here to read full Latin American survey (PDF, 22 pp.)



The world’s largest publicly-traded companies are reporting more than in the past about their anti-corruption programmes but still need to do a lot more to increase transparency in reporting on their operations, according to a new study by anti-corruption group Transparency International.

Transparency in Corporate Reporting: Assessing the World’s Largest Companies scored 105 of the top publicly-traded companies based on their public commitment to transparency.

“Multinational corporations can and must play a significant role in the global fight against corruption. As the world continues to recover from the deep economic pain of 2008, the leadership at more companies must commit to stopping corruption,” said Transparency International’s Chair, Huguette Labelle.

Company scores ranged from 0 to 10, where 0 is the least transparent and 10 is the most transparent, and were based on public availability of information about anti-corruption systems, transparency in reporting on how they structure themselves and the amount of financial information they provide for each country they operate in.

Overall, companies showed improvement in their reporting on their commitments to anti-corruption programmes, as compared to a Transparency International study of the same companies from 2008.

Norway’s Statoil, the highest scoring company, scored 8.3. Statoil discloses significant information about its anti-corruption programmes, subsidiaries, taxes and profits across its 37 countries of operations.

Still, the study found that reporting by banks and insurers on transparency measures underperformed across the board even though opaque company structures played a contributing role in the recent financial crises and in spite of a significant focus on fixing the lack of transparency in this sector. The 24 financial companies included in the report scored an average of 4.2.

“If country-level financial information is not adequately disclosed, it is difficult to know how operations in many developing countries contribute to local governments. Experience has shown that the requirement to report encourages companies to build strong management systems supporting disclosures, and in the process improving their anti-corruption systems,” said Jermyn Brooks, Chair of Transparency International’s Business Advisory Board.

A lack of transparency makes it harder to identify where companies earn profits, pay taxes, or contribute to political campaigns. The study shows, for example, that about half of the companies evaluated do not disclose information about political contributions.

“The multinational companies remain an important part of the problem of corruption around the world. The time has come for them to be co-leading the solutions. For this they need to dramatically improve,” said Cobus de Swardt, Managing Director of Transparency International.

Transparency International calls on companies to fight corruption by disclosing more information about how they mitigate corruption and by making public how they are organised and how monies flow in the countries in which they operate. Only with this level of information can citizens the world over know how much money flows into public budgets, a key issue of accountability for governments everywhere.

Governments and regulators should make transparency obligatory for all companies seeking export subsidies or competing for public contracts. Investors should demand greater transparency in corporate reporting to ensure both ethical, sustainable business growth as well as sound risk management. (From TI Press Release)

Bank of China 1.1
Bank of Communications (China) 1.7
Honda Motor 1.9
China Construction Bank 1.9
Berkshire Hathaway 2.4
Nippon Telegraph & Telephone 2.6 2.8
Gazprom, OAO 2.8
Toyota Motor 2.8
Anheuser-Busch InBev 2.9
Google 2.9
Canon 3.0
Commonwealth Bank (Australia) 3.1
Bank of America 3.2
Apple 3.2

Financial Services Professionals Feel Unethical Behavior May Be a Necessary Evil and Have Knowledge of Workplace Misconduct, According to Survey

According to the survey, 24 percent of respondents reported a belief that financial services professionals may need to engage in unethical or illegal conduct in order to be successful, while 26 percent of respondents indicated that they had observed or had firsthand knowledge of wrongdoing in the workplace.  Particularly troubling, 16 percent of respondents reported that they would commit a crime—insider trading—if they could get away with it... 
The survey also revealed the following: 
  • 39 percent of respondents reported that their competitors are likely to have engaged in illegal or unethical activity in order to be successful; 
  • 30 percent of respondents reported their compensation or bonus plan created pressure to compromise ethical standards or violate the law, while 23 percent of respondents reported other pressures that may lead to unethical or illegal conduct; and 
  • 30 percent of respondents feel that the SEC/SFO effectively deters, investigates and prosecutes misconduct—despite the new leadership, record enforcement actions and new reforms; 29 percent of respondents feel the same way about FINRA/FSA.
  • One in five of the professionals surveyed weren't sure of, or had serious doubts about, how their employers would handle a report of wrongdoing.

The full survey (PDF, 7 pp.) is at:



SURVEY: More Finance Chiefs Willing To Pay Bribes

Fifteen percent of chief financial officers around the world are willing to make cash payments to win or retain business, according to a survey of executives interviewed by the accounting firm Ernst & Young LLP.

The firm’s annual “global fraud survey” of 400 finance chiefs, interviewed from November to February, found a greater tolerance of bribery compared with the previous year, when 9 percent said they would make cash payments. Five percent of CFOs said they would misstate financial performance, while 3 percent said that the year before, according to the survey.

Bribery and corruption are widespread

Bribery and corruption are widespread

Q: For each of the following, can you tell me whether you think it applies, or does not apply, to your country/industry, or whether you don’t know?

Base: All respondents (1,758)

The “Don’t know” and “Refused” percentages have been omitted to allow better comparison between the responses given. China results include Hong Kong.

Selected country results are contrasted with global results to the left for illustrative purposes.

Click here to read E&Y Survey on Line

Click here to download full E&Y Survey

Download Global Fraud Survey: a place for integrity as a printable document

FCPA Digest: Recent Trends and Patterns in the Enforcement of the Foreign Corrupt Practices Act by Shearman & Sterling, LLP. (PDF, 29 pp.)


Corruption risk set to rise for Australian firms

Deloite's  inaugural Bribery and Corruption Australia and New Zealand survey highlighted that exposure to bribery and corruption was on the rise and that several organisations either did not recognise the risks, or were not addressing them.

Corporate Fraud Data Base of significant corporate fraud prosecutions: 124 corporate fraud investigations, resulting in 440 indicted defendants...contains information about when and where these cases were brought, the lawyers on both sides, and how the cases turned out...a historic portrait of corporate fraud prosecution in the post-Enron age.


Foreign Corrupt Practices Act (FCPA) Enforcement Actions by the Department of Justice, 1977 - 2012



INVESTIGATIONS QUARTERLY: Keeping a Razor Sharp Perspective on the Regulatory Landscape (PDF,16 PP.)

Read especially: If You Think You’re Done Looking…Keep Looking Investigating financial statement fraud
  • Every fraud has to be hidden
    somewhere on a company’s books.
    Most financial statement frauds start
    small but eventually grow in size,
    scope and duration.
  • According to confessed fraudsters,
    committing the initial fraud is easy; the
    hard part is concealing and ending it.
  • When performing a fraud investigation
    or a post-mortem on a financial
    statement fraud in a litigation context,
    it is important to focus on the area
    where the fraud was directed but also
    on seemingly unrelated areas


CRIMINAL MINDS: What we can learn from the way thieves think


This website is dedicated to providing a reference source on the scourge that is whirling across planet Earth destroying governments, businesses, cities, families and imperiling civilized culture by agregating and making available on one site sources of news, analysis and opinion about corruption.
Criteria for inclusion on this site of "BIG Corruption" cases: 
  • Very High level corporate and/or government official(s) involved;
  • Very Large amount of money lost;
  • International financing/aid agency program; 
  • Global impact on numerous countries/businesses/investors; and/or
  • Classic example that can be used in training/seminarsmajor cases of global fraud and corruption.
  • As a news agregator website this site primarily serves to gather for research and educational purposes in one single place news and information specifically pertinent to major global corruption in business and government. The news items, views, editorials and opinions summarized or reported on this website are taken from the general media and reputable blogs, websites, etc., and are exclusively the responsibility of the original sources and/or authors. In accordance with Title 17 U. S. C. Section 107, any copyrighted work on this website is distributed under fair use without profit or payment to those who have expressed an interest in receiving the included information for nonprofit research and educational purposes only. Ref:
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