Transparency International's weekly newsletter and supplement to our Daily Corruption News, 6 October 2017

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Hi there,

Next week on Monday we will release our Global Corruption Barometer (GCB) report that surveys corruption across Latin America and the Caribbean.

The report presents the results of surveys with more than 22,000 people across the region. They were asked about corruption in their daily lives, whether they had to pay a bribe in the past 12 months and to whom. The survey also looks at which institutions are considered most corrupt and whether corruption has increased in each country.

We think the results areworrying and worth sharing, but not surprising. Just this week alone, the press highlighted major corruption stories across the region.

Investigators in Mexico are looking at whether corruption could have led to many of the building collapses following the earthquake. In Ecuador the vice president was imprisoned for corruption and in Guatemala there were allegations of corruption during the campaign of a former president.

And in Brazil the head of the Rio de Janeiro bid for the 2016 Olympics was charged with corruption, while a report in Bloomberg showed how many Brazilian politicians hide behind the immunity their office gives them when faced with charges of corruption (and even murder). The list goes on. 

In 2018, 14 Latin American and Caribbean countries will go to the polls. Politicians will likely claim that they will stop corruption, yet the people who answered the survey might be hard to convince.

Spoiler alert: our big survey shows that along with the police, political parties are considered to be the most corrupt institution by ordinary citizens. Check it out on Monday.

 

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Corruption in the news this week

Focus on: Cryptocurrencies

Global: Greek court allows Russian suspected of masterminding $4 billion bitcoin fraud to be extradited to US
Washington Examiner (4 October)

A Greek court decided Wednesday to allow a Russian man accused of masterminding a multi-billion fraud involving bitcoin to be extradited to the U.S. Alexander Vinnik, the suspected money launderer, is wanted by the U.S. and Russia for various cyber crimes involving BTC-e, a digital currency exchange that used bitcoin.

 
Ukraine: Ukraine turns to Blockchain to boost land ownership transparency
Bloomberg (3 October, TI mention)

Ukraine will use blockchain technology to manage its registry of farmland, saying its current system is vulnerable to fraud that leads to conflicts over ownership. The move will increase transparency and boost trust in the registry, First Deputy Agriculture Minister Maksym Martynyuk said at a news conference in Kiev on Tuesday.

 
Global: World's largest asset manager says digital currencies show how much money laundering is going on
CNBC (3 October)

Larry Fink, the head of the world's largest money manager, said Tuesday he thinks the rise of digital currencies reflects how much money laundering is going on. "Most importantly, when I think about most of the cryptocurrencies, it just identifies how much money laundering is being done in the world," Fink, founder, chairman and CEO of BlackRock, said in a Bloomberg TV interview.

 

Other News

Australia: 'I am sorry': CBA boss Ian Narev apologises for ATM money laundering scandal
The Sydney Morning Herald (6 October)
 
Hungary: The many battles facing Hungary's investigative journalists
Euronews (6 October, TI mention)
 
India: Amid black money crackdown, 5,800 shell companies under scanner for money laundering
The Wire (6 October)
 
Vietnam: Vietnam sacks top communist official
Agence France-Presse (6 October, TI mention)
 
Global: Trump acknowledges Ukraine treatment of U.S. businesses
The Washington (5 October)
 

Blog/Opinion

Global: The Russia collusion you should care about
Bloomberg (6 October)
 
South Africa: The banality of corruption
Mail & Guardian (6 October)
 

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