Which is the UN Resolution deals with Corruption?
United Nations General Assembly Resolution 58/4 passed and adopted in 31 October 2003, is the instrument that deals with all forms of corruption, a task undertaken by the UNCAC. See Chapter 5.4, UNCAC and Anti-Corruption, First Edition, Money Laundering – A Handbook for CDD Compliance.
Does the UN Convention call for the establishment of FIUs?
The UNCAC or the Merida Convention and the Palermo Convention called for the establishment of Financial Intelligence Units (“FIUs”). See Chapter 5.4, UNCAC and Anti-Corruption, First Edition, Money Laundering – A Handbook for CDD Compliance.
Is Sovereignty essential to a Corrupted Person?
Yes, it is. Sovereignty is supreme because of the power to control and command. Therefore, sovereignty is a gateway to attract money. In a society, the groups that possessed sovereignty potentially attract corruption and bribery are:
- Armed Forces and Police
- Judicial Personnel
There are also people holding a high position in the temple, clan and trade association became corrupted persons. These people corrupt because of the possessed sovereignty. See Chapter 8, Society Matrix, First Edition, Money Laundering – A Handbook for CDD Compliance.
How to know which Country in Corruption?
Every year, the Transparency International produces an index known as the Corruption Perceptions Index that ranks the country in corruption. From the Corruption Perceptions Index, it will tell whether the government of a country has done to eradicate or reduce corruption. Least Developed Country and Developing Country classification usually have high corruption rate. A country with no economic development or suffers economic development also attracts a high corruption rate. A country with greedy politicians, police, public prosecutors and judges also suffer a high corruption rate.
See Chapter 5, Corruption and Bribery, First Edition, Money Laundering – A Handbook for CDD Compliance. See also Chapter 8, Society Matrix.
Why people give bribe?
There are many reasons why people give bribe. In the ancient time, without bribery, to complete a task is difficult. In the modern time, when a person gives a bribe, there is a condition or a request attached. Example of how a bribe given by a person:
- to win a business tender
- jumping the queue
- requesting for a job, a promotion or a job transfer
- avoiding a traffic offence
- avoid being arrested
- avoid being charged with a criminal offence
- to fabricate a crime
- to destroy evidence
- avoid receiving a heavy sentence
- to obtain confidential information
- to obtain approval for extension of a building or a property development
- fast track and approval for visa immigration
The above list is not exhausted. See Chapter 5, Corruption and Bribery, First Edition, Money Laundering – A Handbook for CDD Compliance.
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Categories: UNODC, UNCAC, FATF, AML/CFT Compliance, Money Laundering, Corruption