What is the end goal of seizing assets derived from corruption or used to funnel dirty money?
The other end goal is to cut off financing to organized crime and disincentivize corruption.
What does it look like to have stricter limits on who funds campaigns?
What it looks like: Stricter limits on who funds campaigns—and the way they do so—in an effort to level the playing field and get dirty money out of politics. Efforts to curtail the length of campaigns, for example, can keep costs down, which some believe helps reduce dubious transactions.
What is the purpose of the Selection and Nomination Process?
What it looks like: Selection and nomination processes designed to limit a head of state’s ability to appoint chief prosecutors without oversight. In some cases this means dividing responsibility for nomination among different branches of government, while in others oversight or nomination authority is given to technical committees made up in whole or in part by experts in law and judicial systems.
What is accessible data on public tenders?
What it looks like: Accessible data on public tenders—often online—aims to promote transparency in contracting. Opaque processes for contracting goods and services have facilitated widespread corruption in Latin America, particularly in the infrastructure sector, including rigged bids, bribes to secure projects and padded contracts.
Is lobbying unregulated in Latin America?
What it looks like: Lobbying has largely gone unregulated in Latin America. The few lobbying rules in the region are also weakly enforced, leading to an opportunity for corruption in this crucial interaction between public and private sectors.
1. End impunity
Effective law enforcement is essential to ensure the corrupt are punished and break the cycle of impunity, or freedom from punishment or loss.
2. Reform public administration and finance management
Reforms focussing on improving financial management and strengthening the role of auditing agencies have in many countries achieved greater impact than public sector reforms on curbing corruption.
3. Promote transparency and access to information
Countries successful at curbing corruption have a long tradition of government openness, freedom of the press, transparency and access to information. Access to information increases the responsiveness of government bodies, while simultaneously having a positive effect on the levels of public participation in a country.
4. Empower citizens
Strengthening citizens demand for anti-corruption and empowering them to hold government accountable is a sustainable approach that helps to build mutual trust between citizens and government.
5. Close international loopholes
Without access to the international financial system, corrupt public officials throughout the world would not be able to launder and hide the proceeds of looted state assets. Major financial centres urgently need to put in place ways to stop their banks and cooperating offshore financial centres from absorbing illicit flows of money.
What is corruption in India?
Corruption, as we all know, refers to the act of using power to carry out an exertion which is against the laws. It can be an act of bribery, fraud or cases of duping by illegal use of resources. India ranked 80th in the Corruption Perception Index in 2020.
What is a youth led virtual learning platform?
Ours is a youth-led virtual learning platform with dedicated social scientists and students. We aim at providing virtual guidance to the ones taking their first steps into the world of Social Science, either through formal education or because of their never-ending quest for learning. We believe in sharing with our readers the knowledge that we have gained, through simple transcription of social theories and their real-life application. We also believe in the power of knowledge in making the world a better place to thrive and survive.
