TYPOLOGY REPORT: PROCUREMENT CORRUPTION IN THE PUBLIC SECTOR AND ASSOCIATED MONEY LAUNDERING

On15th October, FATF-style regional body ESAAMLG, which covers Africa, has produced a typology report on the ESAAMLG region which identifies 3 main things: the ways in which the procurement system is manipulated, the main players that abuse the system and finally the manner in which the ill-gotten monies are laundered.  The study indeed confirms that procurement corruption exists in the ESAAMLG region and most responding member states cited cases. The evidence presented by member states indicated that corruption exists at all stages of the procurement process. However, it is at the awarding of the tender that most corruption occurs.  The report concludes by accepting that ESAAMLG has a serious problem when it comes to public procurement corruption. Furthermore, the study was able, through making reference to finalized cases, to confirm that there is a link between money laundering and public procurement corruption.

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https://esaamlg.org/reports/Report_procurement.pdf

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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