Potential bribery spike / Covid-stimulated black markets / Beneficial ownership resilience

Deloitte warns of a potential spike in bribery & corruption due to CoVid-19.  Launching the Deloitte Bribery and Corruption Report 2020 [accessible via web link below], the professional services firm warned that the unique and intense commercial pressures from the Coronavirus outbreak have increased the bribery and corruption threat for companies, their workforces and executives.

Deloitte: https://www2.deloitte.com/au/en/pages/media-releases/articles/bribery-corruption-covid19-230320.html   

 

Bribery, black markets and the Covid-19 crisis (Blog).  “The advantages of wealth can work in two ways: the prices set in the black market are only affordable for a few; or people start paying (and taking) bribes for goods and services in the official economy.”

Robert Barrington/Centre for the Study of Corruption at the University of Sussex: https://scscsussex.wordpress.com/2020/03/25/bribery-black-markets-and-the-covid-19-crisis/        

 

Coronavirus crisis: why knowing beneficial owners in supply chains is fundamental for a good recovery (Blog).  “Creating open systems for accurate company data and disclosure is critical for any economic recovery: such systems enable companies to shift suppliers fluidly and strengthen their supply chains – a fundamental need in a time of indefinite global crisis.”

Thom Townsend and Paul May/Open Ownership: https://www.openownership.org/blog/coronavirus-crisis-why-knowing-beneficial-owners-in-supply-chains-is-fundamental-for-a-good-recovery/