8. Regional corruption survey: Singapore least corrupt, Indonesia most corrupt, Korea in middle of the pack (9:13am, Wed, Mar 10, 2010 ) Corruption Index, Scale of 0 to 10 1. Singapore, 1.42 2. Australia, 2.28 3. Hong Kong, 2.67 4. United States, 3.42 5. Japan, 3.49 6. Macau, 4.96 7. South Korea, 5.98 8. Taiwan, 6.28 9. Malaysia, 6.47 10. China, 6.52 11. India, 7.18 12. Thailand, 7.60 13. Philippines, 8.06 14. Vietnam, 8.07 15. Cambodia, 9.10 16. Indonesia, 9.27
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10. Types of Corrupt Practices Smuggling – illegal trade and transportation of goods devised to circumvent custom duties, quotas and other constraints in the movement of goods
11. Types of Corrupt Practices Money Laundering - typically involves transferring money through several countries in order to obscure its origins
15. Types of Corrupt Practices Bribe Paying – fees, commissions, gratuities and sweetness. It is a perennial form of corruption in international business
17. “ Hands under the table ”in the former Soviet republics
18. The Foreign Corrupt Practices Act (FCPA) The U.S. Congress passed the Foreign Corrupt Practices Act ("FCPA") in 1977 in an attempt to ensure commercial fair dealing, government integrity and accountability. The FCPA established criminal and civil penalties for payments made by U.S. companies or U.S. nationals to foreign officials that could be considered bribes.
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Notes de l'éditeur
Corruption is difficult to measure, but The Economist projects that corruption may be measured at approximately $9 trillion per year.
That’s what happened to us. Corruption here was very rampant. Hopefully with the new administration, we can feel some sort of improvement…with pnoy’s crusade na pag walang kurap, walang mahirap
In a survey conducted by the Political and Economic Risk Consultancy (PERC) of 2,174 expatriate business executives, it found that among the 16 Asia-Pacific economies, Singapore again lived up to its reputation and came out squeeky cleanest with a corruption score of 1.42. Australia came in second, followed by Hong Kong, Japan, Macao, S. Korea and Taiwan. The most corrupt economies, in the opinion of business expats, was topped by Indonesia. It was trailed by Cambodia, Vietnam and the Philippines. Indonesia had come in last in 2009 as well but with a marginally better score of 8.32. Xxxxxxxxxxxxxxxxxxxxxxx
Pictures below Are some silly smuggling ideas, We have it here, sa atong back door
From dirty to clean money
We have the amla in the phils…may explain
Who do you think is the expert when it comes to counterfeiting and piracy
It is a well known fact that bribery is a common norm in India
FCPA violations carry severe penalties of up to $2 million, or twice the gain for firms; and $100,000 for individuals and up to five years imprisonment.
And more governments and international institutions should be encouraged to publicly list firms they sanction. That constitutes a powerful deterrent. Check here for instance the public webpage at the World Bank where hundreds of companies and individuals have been declared ineligible to be awarded World Bank-financed contracts due to fraud and corruption. And imagine a world where virtually every important international institution and government did the same. Again, the cost-benefit equation would be radically transformed in the calculation of any company officer contemplating whether a bribe is needed to secure a lucrative contract.
Australia, Austria, Belgium, Canada, Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Japan, Korea, Luxembourg, Mexico, Netherlands, New Zealand, Norway, Poland, Portugal, Slovak Republic, Spain, Sweden, Switzerland, Turkey, United Kingdom, United States (30 Member Countries)
NBN/ZTE scandal - It all began with the back-and-forth trips of Abalos, Mike Arroyo, and the President Mrs. Arroyo to China in order to broker a deal with ZTE, which ultimately led to a US$ 329.5 million contract for a national broadband network (NBN) that will improve government communications capabilities.
The Oil For Food Program was started in 1995 to allow Iraq to sell its oil under United Nations supervision in return for buying food, medicine, and humanitarian supplies. Finally, Iraq demanded kickbacks from any company that wanted to sell goods to Iraq. That was the situation with GE. It had to bribe officials in the Iraqi Health Ministry in order to win deals with them. A review of abuses under the Oil for Food Program found that General Electric was just one of approximately 2,000 companies that paid kickbacks in return for contracts with Iraq.
![Corruption and The Shell Group ,[object Object],[object Object]](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)