NEWS

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

Which Businesses are the Least Transparent?

July 11, 2012
CNN
Nonprofit Transparency International ranks sectors' disclosure records. Its results may surprise. Big Energy is the most "transparent" industry when it comes to corruption-fighting, according to Transparency International, a global anti-corruption watchdog. The might sound surprising. But those who prefer predictability can take heart in the fact that the finance sector is the least transparent, says the group's latest report, issued on Tuesday. That result is weighted by the fact that four of the "least transparent" companies on the overall list are Chinese banks. But the organization says that, nevertheless, "the remaining financial companies were also below average."