Corruption is a major problem which has a devastating human cost. In poor countries it kills people and traps millions more in poverty. It also undermines the global economy and threatens national security, affecting all countries.
The largely hidden truth
is that banks play an integral role in enabling this. Corrupt officials need
somewhere to hide stolen money. Yet
while laws and regulations apply in most countries which require banks to do a range of checks to
detect the proceeds of the corruption, many banks fail to uphold them. As result they are leaving the door wide open
for corrupt people to launder their funds.
Find out more
Stuart McWilliamCampaign Leader, Climate Change