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US Supreme Court revives Corporate Transparency Act to regulate money-laundering

JURIST

The US Supreme Court issued a temporary nationwide stay Thursday that revived the Corporate Transparency Act , which regulates money laundering by requiring small businesses to register with the United States Treasury Department’s Financial Crimes Enforcement Network.

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Transparency International reports high rates of corruption worldwide

JURIST

The 2024 Corruption Perception Index (CPI) released by Transparency International on Tuesday indicates high rates of corruption worldwide, with the global average at 43 points out of 100. Therefore, Francois Valerian, the Chair of Transparency International has called upon nations to prioritize tackling corruption.

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US Circuit court temporarily halts enforcement of anti-money laundering law

JURIST

The Corporate Transparency Act (CTA) is a federal law aimed at combating money laundering, terrorism financing, and other illicit activities by increasing transparency about who controls and owns corporations and LLCs. challenged the Corporate Transparency Act and its reporting rule in Texas Top Cop Shop, Inc.

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UNODC outlines plan to combat corruption within Indonesia Palm Oil Industry

JURIST

Indonesian palm oil companies have been heavily criticized for weak anti-graft policies and a lack of transparency. A report by NGO Transparency International found that this lack of transparency risks malpractices such as bribery and illegal land acquisitions to remain unknown and put the palm oil industry at a high risk of corruption.

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UN expresses concerns over the suspension of the Maldives Supreme Court judges

JURIST

The UN’s concerns regarding the JSC’s decision to suspend the Supreme Court judges echoed those expressed by Transparency International.

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EU court orders increased transparency in COVID-19 vaccine contracts

JURIST

This decision followed a case brought by several Members of the European Parliament (MEPs) who argued that the Commission’s redactions violated principles of transparency and the public interest. They argued that increased transparency was necessary for vaccination campaigns and to encourage public trust in the vaccine strategy.

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US to repatriate $52M in seized corruption funds to Nigeria

JURIST

To ensure transparency, the $50 million allocated for electrification will be managed through a World Bank trust fund, subject to rigorous oversight, auditing, and public reporting. The remaining $2.88 million will support Nigerias contribution to the International Institute for Justice and the Rule of Law (IIJ).