Transparency Cyprus calls for more transparency in political party funding



The Attorney General together with Transparency Cyprus at the public discussion organised by the latter in September 2012, both raised concerns that the legislation on Political Party funding had to be revised in line with GRECO’s recommendation. It appears however that the Parliament is now looking to write a new legislation. What will be the response from GRECO and the EU is unknown.

Transparency Cyprus would applaud the following issues to be taken into account:

Finally, the Auditor General ought to be authorised to also audit associated or affiliated entities and even have consolidated accounts prepared and audited if needed.

It is worth noting that TC has studied many legislation with regards to the subject and there is no perfect regulation. In the meantime we highlight that last week in Brazil during the international conference of Transparency International, a protocol of cooperation was signed between TI and the Global Organization of Parliamentarians against Corruption (GOPAC) aiming to improve matters with the political parties funding and also combat corruption. TI is carrying out a study on the matter and will be publishing a policy statement next month.

The Cypriot MPs are now facing the challenge of voting in favour of a legislation that would make them proud not be ashamed of in a years’ time. They should grasp the opportunity.


For any press enquiries please contact

Maria Krambia Kapardis, Chair, Transparency Cyprus
T:+35 725002604
E: .(JavaScript must be enabled to view this email address)

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