Thursday, April 30, 2020

Accountability & Prevention of Corruption / China set to pre-empt financial frauds/ Police Persecution of Journalists and Anti-Corruption Activists in Myanmar

Accountability & Prevention of Corruption in the allocation and distribution of emergency economic rescue packages in the context & aftermath of the COVID-19 pandemic (Policy Brief). “In the context of the COVID-19 pandemic, it is important to be mindful that the purpose of the recent economic responses made by Member States are not intended to provoke economic stimulus activity, as would happen in times of cyclical recession, but rather, to prevent economic catastrophe and provide financial, medical and social support to the poor, the elderly, women and youth, people with disabilities, the unemployed, SMEs4 and those lacking access to social and public services”. 

 

 

 

After Luckin fiasco, China set to pre-empt financial frauds. “China is planning more stringent measures to safeguard investors from securities fraud, as the recent Luckin Coffee fiasco has drawn the attention of capital market regulators(…).The measures will be supported by the new Securities Law, with focus on tougher regulatory penalties, securities class action lawsuits, and easier restrictions on short selling.” 

 

 

 

Police Persecution of Journalists and Anti-Corruption Activists in Myanmar Must Stop (Press release). “Transparency International calls for the authorities in Myanmar to immediately cease their ongoing crackdown on anti-corruption activists and independent media outlets. The government must allow a safe environment for civil society organisations and independent media to publish objective and impartial information, which is especially vital during the current public health emergency.”  

 

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