TIs perception of corruption index CPI2020 [#CPI] is out – BUT is it any use for AML risk assessments?
28/01/2021
Transparency International's perception of corruption index CPI2020 [#CPI] is out. Once again, its results make absolutely zero sense – and interestingly TI acknowledges that the results shouldn't fool one, and took the time to list the REAL #corruption issues of its top 25 performers.
For example look at what they say about the best country Denmark (88): a top performer that shouldn't fool you
- While Denmark (88) has a public sector that may well be exemplary for anti-corruption, it does not mean this top scorer is completely clean.
- Denmark's anti-bribery laws have significant limitations, and the Danske Bank scandal highlighted how weak supervision in the financial sector allowed millions in suspicious funds to enter the European Union (EU).
- Danske Bank scandal
- While the Danske Bank scandal made it clear that Denmark's financial supervisory authority did not
- Have the necessary powers,
- Resources or capacity to supervise the financial sector,
- Since then
- More inspectors have been hired, and
- The supervisory body gained new powers to monitor and sanction banks.
- However, it remains to be seen how these recent changes will be implemented.
- While the Danske Bank scandal made it clear that Denmark's financial supervisory authority did not
So my question is:
- Should another index reflecting grand corruption be produced?
- Should firms follow the index in their risk assessments?
https://www.transparency.org/en/news/cpi-2020-trouble-in-the-top-25-countries
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As well as owning and publishing Comsure's copyrighted works, Comsure wishes to use the copyright-protected works of others. To do so, Comsure is applying for exemptions in the UK copyright law. There are certain very specific situations where Comsure is permitted to do so without seeking permission from the owner. These exemptions are in the copyright sections of the Copyright, Designs and Patents Act 1988 (as amended)[www.gov.UK/government/publications/copyright-acts-and-related-laws]. Many situations allow for Comsure to apply for exemptions. These include 1] Non-commercial research and private study, 2] Criticism, review and reporting of current events, 3] the copying of works in any medium as long as the use is to illustrate a point. 4] no posting is for commercial purposes [payment]. (for a full list of exemptions, please read here www.gov.uk/guidance/exceptions-to-copyright]. Concerning the exceptions, Comsure will acknowledge the work of the source author by providing a link to the source material. Comsure claims no ownership of non-Comsure content. The non-Comsure articles posted on the Comsure website are deemed important, relevant, and newsworthy to a Comsure audience (e.g. regulated financial services and professional firms [DNFSBs]). Comsure does not wish to take any credit for the publication, and the publication can be read in full in its original form if you click the articles link that always accompanies the news item. Also, Comsure does not seek any payment for highlighting these important articles. If you want any article removed, Comsure will automatically do so on a reasonable request if you email info@comsuregroup.com.