Priya Sood is a Program Advisor at the Global Organization of Parliamentarians Against Corruption (GOPAC). She has over 10 years of experience working in the areas of peace building, corporate social responsibility and poverty alleviation for international NGOs and the UN in South Asia and the Middle East and was closely involved with the peace process in Sri Lanka. She has a Master’s degree in International Development from Dalhousie University and a Bachelor of Commerce degree from McGill University.
At the end of November, the Egyptian court dropped corruption charges against Hosni Mubarak, former president of Egypt, who was alleged to have stolen an estimated $1.2 billion from the country. This turn of events now means that one more despot has been allowed to steal from his own citizens and not face any consequences.
Legislators can mitigate the proliferation of money laundering by strengthening laws, policies and processes. They have the power to pressure their governments to ensure that information on the beneficial ownership and control of companies, trusts and foundations is available on public record to facilitate effective due diligence.
09/02/2014 12:25 EDT
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