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

Austria’s Strache affair and the undue influence toolkit

A week ago, German newspapers published evidence of the former Vice-Chancellor of Austria and a colleague apparently negotiating corrupt deals with the purported niece of a Russian oligarch close to President Vladimir Putin. The scandal illustrates the tools and methods used by those who wish to enrich themselves from public funds and advance private interests over the public good.

Why corruption matters in the EU elections

What voters should know as they head to the polls.

Four ways the G20 can take the lead on anti-corruption

The globalisation of world trade and finance has been accompanied by an internationalisation of corruption. The G20 Anti-Corruption Working Group therefore has the potential to be a very important partner in the fight for a more just world.

Venezuela: Se necesitan instituciones sólidas para abordar la delincuencia organizada

La corrupción en las más altas esferas del Gobierno venezolano ha causado inestabilidad social y económica extrema y ha debilitado a las instituciones estatales que deberían proteger a la ciudadanía. Las redes de delincuencia organizada actúan con impunidad en todo el país.

Venezuela: Strong institutions needed to address organised crime

Corruption in the top echelons of the Venezuelan government has led to extreme instability and weak state institutions, and allows organised crime networks to act with impunity all across the country.

The trillion dollar question: the IMF and anti-corruption one year on

The International Monetary Fund (IMF) has made public commitments and adopted a new framework to address corruption - we check how the IMF is progressing with this one year later.

Three years after the Panama Papers: progress on horizon

The explosive Pulitzer Prize-winning global media project known as the "Panama Papers" turned three years old, and there are many reasons to celebrate.

Social Media

Follow us on Social Media