Merchants of Integrity? Global Trade and Corruption Risks in a Volatile World
May 25, 2023 | 1:00 PM - 2:00 PMAuditorium
May 25, 2023 | 1:00 PM - 2:00 PM
Auditorium
Description
Commodity trading is a sector of strategic importance that has historically been vulnerable to multiple forms of corruption including illicit cross-border trade, underground financial systems, trade diversion, transfer pricing, invoicing abuse and trade-based money laundering. The sector is also notoriously opaque and poorly regulated, with low levels of transparency and accountability. Today, these long-standing risks are compounded by the fragmentation of the global trading system in an era of rising populism, and by global shocks to commodity markets like climate change and the war in Ukraine.
The Global Integrity Anti-Corruption Evidence (GI-ACE) Programme recently produced a report that analyses emerging corruption risks surrounding global trade in food, energy, and cryptocurrencies, as well as identifying avenues for future research and possible policy interventions in the changing landscape of global trade.
