Deutsche Bank raid underscores need for coordinated global leadership against financial secrecy

Issued by Transparency International Secretariat



Yesterday’s police raid at the headquarters of Deutsche Bank highlights the lack of coordinated global leadership against financial secrecy from the world’s richest nations, according to Transparency International.

The news that prosecutors suspect Deutsche Bank staff of helping clients skirt money laundering regulations by setting up offshore companies came as G20 leaders prepared to meet in Buenos Aires, after yet another year of insufficient action against the shell companies which fuel corruption.

According to an April 2018 report by Transparency International, most G20 nations are failing to implement the principles on combating anonymous company ownership that were adopted in 2014.  G20 president Argentina recently eliminated the obligation to make publicly available the list of shareholders of a foreign company wishing to operate in the country.

In Buenos Aires, Transparency International and its Argentinian chapter Poder Ciudadano have lined the G20 leaders’ route to the summit venue with posters urging them to “implement your anti-corruption commitments.”


For any press enquiries please contact

Michael Hornsby
E: .(JavaScript must be enabled to view this email address)
T: +49 30 34 38 20 666

Latest

Support Transparency International

Strengthening rule of law along the cocaine route

Transparency International has teamed up with the United Nations Office on Drugs and Crime (UNODC) and INTERPOL, to implement the CRIMJUST Project, funded by the European Union. The project aims to strengthen criminal investigation and criminal justice cooperation along the cocaine route in Latin America, the Caribbean and West Africa.

Political asylum for ex-presidents: an easy way to impunity?

This year we celebrate the 70th anniversary of the adoption of the Universal Declaration. Yet while we celebrate the universality of human rights, at times powerful individuals try to abuse the principles that underpin the international human rights framework. Two recent cases of two ex-presidents who have applied for political asylum to evade justice, and two countries who handled these requests in very different ways, highlight some of these abuses.

International Anti-Corruption Day 2018: The power of people’s pressure

Across the world, Transparency International chapters work hard to help the public become involved and engaged in the fight against corruption.

La Justicia española debe investigar el lavado de imagen de Azerbaiyán en Europa

Tres políticos españoles —Pedro Agramunt, Agustín Conde Bajén y Jordi Xuclá— se encuentran entre los delegados ante la Asamblea Parlamentaria del Consejo de Europa (APCE) sobre los que pesan sospechas de haberse beneficiado con la maniobra del “Laundromat”.

Clean up Spain – Justice for Azerbaijan’s reputation laundering in Europe

In Azerbaijan, critical voices are routinely suppressed. Meanwhile in Europe, politicians suspected of helping whitewash Azerbaijan’s record on human rights enjoy impunity. Join our campaign to urge authorities in Spain to investigate.

Everything you need to know about the 18th International Anti-Corruption Conference (#18IACC)

The #18IACC will take place from 22-24 October in Copenhagen, Denmark under the theme Together for Development, Peace and Security: Now is the Time to Act. Get the latest info and updates here!

Risky business: Europe’s golden visa programmes

Are EU Member States accepting too much risk in their investor migration schemes?

Social Media

Follow us on Social Media