Political Corruption

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Political corruption is the use of powers by government officials for illegitimate private gain.

State Capture

State captureWikipedia-W.svg is a type of systemic political corruption in which private interests significantly influence a state's decision-making processes to their own advantage.
  • Jan.18.2018: UK Govt Blocks and Delays Vital Anti-Corruption Reforms. One amendment, tabled by Lords from all the major political parties, would have required the govt to reveal the true owners of UK properties owned by foreign companies. This transparency would be a vital step in stopping UK property being used as a safe haven for dirty and corrupt cash. In order to head off a cross-party rebellion, the govt finally published a timetable for when this register would be introduced. Despite these proposals having already been consulted on twice, the govt’s timetable will not see the legislation passed until Summer 2019, and the Register will only come into effect in 2021. Another amendment, also backed by Lords from all the major parties, would require the Overseas Territories – which include some of the most notorious UK's tax havens – to publicly reveal the true owners of the companies registered there. Revealing these true, beneficial owners, would tackle the secrecy that act as getaway cars for the criminal and corrupt. The govt again sought to block proposals to combat the UK tax haven's central role in global corruption and money laundering. At the vote, the amendment was narrowly defeated by just 10 votes – but the fight is not over. Next month the Bill will go to the House of Commons, where MPs will have the chance to vote on these essential reforms. (Linkback to Conservative Party, Transparency. Sanctions and Anti-Money Laundering Act 2018) Global Witness.