NEWS

This section provides readers with the latest news regarding anti-corruption issues worldwide.

Corruption 101: The Dark Side Of Leadership

The World Bank estimates that globally more than $1 trillion is handed over annually to corrupt government officials, while the OECD’s 2014 Foreign Bribery Report shows a substantial increase in the the number of bribery cases brought annually around the world since the OED began monitoring these activities seriously in 1999. Of 427 cases identified last year, 53% involved corporate management or CEOs; 80 individuals received jail terms of up to 13 years; and another 38 were given suspended sentences. The largest individual fine was $149 million.