Anti-corruption data remains undisclosed: countries are keeping financial crime data to themselves.

Author:Salierno, D.
Position:Update - Brief article
 
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Global anti-corruption watchdog Transparency International (TI) says in a new report that bank regulators need to publish more information about banks' compliance with anti-money laundering laws. Sharing this data would give citizens and businesses confidence that corrupt individuals and organizations do not use the global banking system, TI concludes.

The report, Top Secret, shows that information about authorities' anti-money laundering efforts is only partially available across the 12 countries assessed. Only four countries publish the total number of sanctions applied to banks for...

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