Friday, March 13, 2009

Undue Diligence: How banks do business with corrupt regimes


Global Witness' new report Undue Diligence names some of the major banks who have done business with corrupt regimes. By accepting these customers, banks are assisting those who are using state assets to enrich themselves or brutalise their own people.

This corruption denies the world's poorest people the chance to lift themselves out of poverty and leaves them dependent on aid. The report sets out what governments, regulators and banks need to do in order to tackle this complicity with corruption.

See full Article.