The Armenian Chamber of Commerce and Industry recently took a historic step in adopting its first-ever anti-corruption policies, affirming the Chamber’s commitment to honest and fair competition, business integrity, and operational transparency. CIPE has engaged with the Chamber through the Business Advocacy Network since 2008 and sees this new step as evidence of the private… Read More
One of the more challenging – and promising – lines of work that CIPE’s Anti-Corruption & Governance Center has developed in recent years involves scanning the world for signs of a government that has sincerely embraced anti-corruption reforms. Sometimes it is hard to tell what is real and what is not. Newly ensconced leaders’… Read More
Photo Credit: Gleb Garanich, Reuters Last year’s election of Prime Minister Nikol Pashinyan and his pledge to curb corruption in the public and private spheres has brought about a shift in the Armenian business community’s attitude towards anti-corruption compliance. This new government openness has encouraged businesses to look towards transparent business practices and… Read More
Late last week, one of the world’s largest integrated telecommunications services operators, VimpelCom, agreed to pay a $835 million settlement to U.S. and Dutch authorities. The company is accused of paying $114 million to Uzbek president Islam Karimov’s relative, widely believed to be his daughter, Gulnara Karimova. The U.S. Department of Justice (DoJ) claims that… Read More
Corruption is a systemic problem that plagues many transitional countries across the world, rooted in weak rule of law and lack of private property rights. Not only does corruption erode trust in public institutions, such practices also hinder economic growth and weaken democratic governance. The corruption challenge can be addressed by building responsive institutions that offer… Read More
In the first half of 2014, anti-corruption enforcement actions by the U.S. alone cost the business community more than $500 million. It would seem logical that as a result anti-corruption compliance would be at the forefront of every multinational corporation’s activities. But that’s not the case, at least as described in the 2014 Global Fraud… Read More