Unfinished business: Despite FATF money laundering list exit, UAE has much to prove
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Addressing the Emirates’ role in facilitating cross-border corruption needs continued monitoring
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News •
Addressing the Emirates’ role in facilitating cross-border corruption needs continued monitoring
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The region is struggling with dysfunctional rule of law, rising authoritarianism and systemic corruption.
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Loss of momentum in anti-corruption efforts is diminishing public trust, while a largely reactive approach to fighting corruption is impairing good governance.
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Leaders are losing public trust as they undermine limits on their power and act without integrity.
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For five years in a row, the Asia Pacific region has shown little to no progress in the fight against corruption due to failure to deliver on anti-corruption agendas.
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We are still waiting to hear back from countries about the measures they have taken to locate and seize assets.
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A lack of bold, decisive action to fight corruption and strengthen public institutions fuels organised criminal activities and other sources of violence.
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Corruption and conflict fuel each other. This underlines the urgent need for transparency and anti-corruption efforts to create a safer world.
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As authoritarianism grows and restrictions on civic space and basic freedoms imposed during the pandemic remain in place, the region stagnates for the fourth year in a row.
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As worldwide scrutiny over anonymous companies intensifies, reforming the global standard on trust ownership is critical for deterring cross-border corruption.