Report Launch: Transparency International shows luxury goods dealers cash in on corrupt customers

New report shows urgent action needed to keep corrupt cash out of luxury goods market

Issued by Transparency International Secretariat



In time for the first anniversary of the release of the Panama Papers, Transparency International will publish on 3 April a report exposing how luxury goods dealers rarely perform adequate due diligence, allowing corrupt customers to spend their stolen wealth on luxury goods with few, if any, questions asked.

In Tainted treasures: Money laundering risks in luxury markets Transparency International analyses the legislative and enforcement gaps which allow large-scale money laundering to occur in the luxury goods sector. It finds widespread risks of money being laundered, and limited measures in place to address those risks.

Tainted treasures:
Money laundering risks in luxury markets

3 April 2017
00:01 am Berlin time
Available online at http://www.transparency.org

 

Embargo copies of the report and press release are available on request from press@transparency.org.


For any press enquiries please contact

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

Latest

Support Transparency International

Is Hungary’s assault on the rule of law fuelling corruption?

In June 2018, Hungary’s parliament passed a series of laws that criminalise any individual or group that offers help to an illegal immigrant. The laws continued worrying trends in the public arena that began with the rise to power of the Fidesz party in 2010. What are these trends, and what do they mean for the fight against corruption and the rule of law in Hungary?

Will the G20 deliver on anti-corruption in 2018?

This week, activists from civil society organisations all over the world gathered in Buenos Aires, Argentina for the sixth annual Civil 20 (C20) summit.

Returning Nigerians’ stolen millions

The stakes are high in the planned distribution of $322 million in stolen Nigerian public money.

Three priorities at the Open Government Partnership summit

Transparency International has been at the Open Government Partnership's global summit in Tbilisi, Georgia, pushing for action in three key areas.

Civil society’s crucial role in sustainable development

Key players in the development community are meeting in New York for the main United Nations conference on sustainable development, the High-Level Political Forum (HLPF). Transparency International is there to highlight how corruption obstructs development and report on how effectively countries are tackling this issue.

Comment gagner la lutte contre la corruption en Afrique

Aujourd’hui est la Journée africaine de lutte contre la corruption – une occasion opportunité pour reconnaitre le progrès dans la lutte contre la corruption en Afrique et le travail significatif qui reste encore à accomplir.

How to win the fight against corruption in Africa

African Anti-Corruption Day is an important opportunity to recognise both the progress made in the fight against corruption in Africa and the significant work still left to do.

Social Media

Follow us on Social Media