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The Role of Banks in Fighting Corruption
Corruption is a major problem which has a significant cost. The President of the World Bank described corruption as 'public enemy number one'. The G20 has stated that it 'destroys public trust, undermines the rule of law, skews competition, impedes cross-border investment and trade, and distorts resource allocation'. Prime Minister David Cameron recently called for the international community to join together to fight corruption and declared there is 'no place for dirty money in Britain.'
This breakfast briefing will examine the role of financial institutions in tackling this problem, how at times they may facilitate corruption, and what can be done to address this. The aim is to continue the debate on the issue and engage all sectors in a discussion in order to promote a cohesive and strong strategy for fighting corruption.
The discussion will bring together representatives from the private sector, civil society and government.
- Stuart McWilliam, Senior Campaigner on Money Laundering, Global Witness
- Martin Woods, Financial Crime Officer, Thomson Reuters
- Justine Walker, Director, Financial Crime (Sanctions and Bribery), BBA
Coffee and pastries will be available from 0800.