Scoop has an Ethical Paywall
License needed for work use Register

Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 

Worldwide Enforcement Against Foreign Bribery Hits Historic Low | New Zealand Needs To Do More

The just released Transparency International (TI) Exporting Corruption 2022 finds only two of 47 top exporting countries actively enforce against cross-border bribery. Countries’ enforcement against foreign bribery has dropped to its lowest level since this biennial report was first released in 2009.

Many of the World’s largest exporters fail to punish bribery in foreign markets

The report finds New Zealand’s compliance level at “limited enforcement.”

In the period 2018-2021, New Zealand opened three investigations, commenced no cases and concluded no cases.

“Foreign bribery is not an abstract phenomenon; it has huge consequences for both the payer and recipient. Money lost to foreign bribes creates significant economic repercussions, triggers unfair competitive advantages and results in fewer public services for the people who need them most. New Zealand needs to take action and demonstrate world leadership in the fight against corruption, “ Says Julie Haggie, CEO of Transparency International New Zealand.

The COVID-19 pandemic significantly disrupted global economic activity, and undoubtedly impacted countries’ ability to meet their obligations to enforce against foreign bribery criminality – but the downward trend in enforcement began in 2018.

“We need to treat the threat of international corruption seriously. New Zealand’s excellent reputation coupled with lax enforcement of foreign bribery is a dangerous combination.,” says Anne Tolley, Chair of Transparency International New Zealand. Tolley adds “We don’t want organised crime and corrupt entities to see New Zealand a soft target for legitimising their activities.”

Advertisement - scroll to continue reading

Are you getting our free newsletter?

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.

Recommendations for New Zealand include:

  • Establish comprehensive mechanisms to ensure transparency of New Zealand companies and trusts, including beneficial ownership information.
  • Improve availability of information on foreign bribery investigations
  • Remove the facilitation payment exemption from the Crimes Act
  • Further improve protection for whistleblowers and protection for auditors and others who report suspicions of bribery
  • Introduce an offence of failure to prevent bribery
  • Remove the requirement that the Attorney-General consent to foreign bribery prosecution
  • Develop and resource a more active enforcement mechanism
  • Create an independent anti-corruption agency, whose remit includes managing foreign bribery investigations

Follow this link for the Exporting Corruption 2022 Report

© Scoop Media

Advertisement - scroll to continue reading
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The New Government’s Policies Of Yesteryear

Winston Peters is routinely described as the kingmaker who decides whether the centre right or the centre-left has a turn at running this country. He also plays a less heralded, but equally important role as the scapegoat who can be blamed for killing taxes that his senior partners never much wanted in the first place. Neither Ardern nor Robertson for example, really wanted a capital gains tax, for fear of Labour copping the “tax and spend“ label they ended up being saddled with anyway. Usefully though, they could tell the party faithful it was wicked old Winston who killed the CGT. More


 
 
Public Housing Futures: Christmas Comes Early For Landlords

New CTU analysis of the National & ACT coalition agreement has shown the cost of returning interest deductibility to landlords is an extra $900M on top of National’s original proposal. This is because it is going to be implemented earlier and faster, including retrospective rebates from April 2023. More


Green Party: Petition To Save Oil & Gas Ban

“The new Government’s plan to expand oil and gas exploration is as dangerous as it is unscientific. Whatever you think about the new government, there is simply no mandate to trash the climate. We need to come together to stop them,” says James Shaw. More

PSA: MFAT Must Reverse Decision To Remove Te Reo

MFAT's decision to remove te reo from correspondence before new Ministers are sworn in risks undermining the important progress the public sector has made in honouring te Tiriti. "We are very disappointed in what is a backward decision - it simply seems to be a Ministry bowing to the racist rhetoric we heard on the election campaign trail," says Marcia Puru. More

 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels


 
 
 
 

Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.