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On the Money Trail - Jan. 21

Source: Thomson Reuters Foundation - Tue, 21 Jan 2014 15:31 GMT
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BRUSSELS – The European Court of Auditors (ECA) has flagged local corruption and a lack of co-operation from governments as the main driving factors behind the EU's development aid failures in Central Asia, European news website EurActiv reports. In a special report, the court examined how the European Commission's External Action Service (EEAS) managed development assistance in Central Asian countries between 2007 and 2012, the website said. The report, which covers aid to Kazakhstan, Kyrgyzstan, Uzbekistan, Tajikistan and Turkmenistan, criticises the Commission's performance, in particular the number of contracts that the EEAS attempted to supervise, the website added.

KUALA LUMPUR – Malaysia's civil society groups have launched a new anti-corruption watchdog entitled The Centre to Combat Corruption and Cronyism, known as 'C4', in response to the growing public concern over rampant corruption, Radio Australia reports. There is an official anti-graft watchdog, the Malaysian Anti-Corruption Commission (MACC) but as a statutory board, established by parliament, it is not effective in dealing with high level corruption, Cynthia Gabriel, a co-founding member of C4 told the radio station.

WASHINGTON – In a study of people prosecuted under U.S. anti-corruption law, the Foreign Corrupt Practices Act (FCPA), one blogger on the FCPA Blog noticed that men made up 96.7 percent of all defendants since January 2008. While a study by the Association of Certified Fraud Examiners credited men with responsibility for nearly 75 percent of all white-collar crimes, the nearly exclusive nature of male FCPA defendants is still confounding, the blogger writes.

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