1. Reconciling Business Growth with Corruption & Transparency
December 13th 2013
Robert Barrington
Director of External Affairs, Transparency International UK

2. Reconciling Business Growth with Corruption & Transparency
Corruption and money laundering
Global corruption trends
The response of the sector
An insight into best practice

3. Corruption - not just bribery
Money laundering
Other corrupt behaviours?
Lobbying?
Political financing?
Facilitating abusive tax avoidance?
Mis-selling?
Exceeding society’s licence to operate?

4. Global trends Legal framework and enforcement Organised crime
State capture
Social media
Corporate transparency
Money laundering
China 4 4

5. 5

6. 6

7. Business perceptions of enforcement Nearly two thirds (68%) of those surveyed in E&Y’s 2011 European Fraud Survey thought that prosecutors were either unwilling to pursue bribery and corruption convictions or ineffective at doing so. 7 7

8. How serious is the problem? Corruption Perceptions Index 2012

9. Corruption Perceptions Index

10. Corruption Perceptions Index

11. How extensive is bribe-paying?
Global Corruption Barometer [Transparency International 2010]

12. How well are companies doing?

13. TRAC report Survey of 105 companies globally Publicly-available data
Scored in 3 categories
anti-corruption systems
organisational transparency
country-by-country reporting
Maximum 23 points

14. TRAC report

15. TRAC report – Financial Services

16. TRAC report – Financial Services

17. Poor practice - excuses17

18. What is best practice?

19. Reflections Is corruption-free business possible? Three key aspects
Can adequate procedures always mitigate the risk?
What about facilitation payments?
Is the AML framework doomed to failure?
Three key aspects
Governance
Risk assessment
Regular review