Tuesday, December 24

Corruption, Bribes, Illicit Finance & Money Laundering

Corruption is a scourge on society, impacting both authoritarian and democratic systems. Unchecked, it gives capitalism a bad name. Corruption infects healthy business dealings and operations and produces winners and losers. It occurs through many means: money laundering, tax evasion, bribes, coercion, and other illicit activity. Corruption makes societies unequal and unfree. Let’s empower individuals and policymakers to demand accountability.

North Korean Dealings with Hong Kong-Business Keep Regime Alive
Communism, Dictatorship, Corruption, Bribes, Illicit Finance & Money Laundering, Sanctions

North Korean Dealings with Hong Kong-Business Keep Regime Alive

Despite extensive sanctions against North Korea by the United Nations, European Union and United States in response to its nuclear testing, the world's most isolated country is not as isolated economically as one might suspect.According to a groundbreaking investigation by the Financial Times, North Korea relies on an obscure web of connections to finance foreign and domestic projects and bring in the foreign currency it needs to survive.The main group, Office 39 based in North Korea, conducts "illicit economic activities" to produce income for the leadership, according to the Financial Times. North Korea is also known to export weapons, drugs and indentured servants.It has dealings with a multi-million dollar private company based in Hong Kong, referred to as the Queensway Group. The pri...

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