Financial Crime World

Global Study Reveals Key Factors in Combating Corruption

A comprehensive review of 56 articles on corruption has shed light on the institutional instruments, factors, and types of compliance that can help combat this widespread issue.

Institutional Instruments: Key Players in Combating Corruption


The review identified several institutional instruments that can impact compliance:

  • Access to Information: Collecting and disseminating information about corrupt practices, as well as organizing public campaigns against corruption, can promote transparency and accountability.
  • Anti-Corruption Policy and Legal Frameworks: Anti-corruption policies, laws, and regulations, combined with administrative guidelines and codes of conduct, can create a strong framework for combating corruption.
  • Risk Assessment and Management: Identifying potential risks and implementing measures to mitigate them can help prevent corrupt practices.

Factors Influencing the Compliance Process


The study also examined factors that influence the process between institutional instruments and compliance:

  • Culture: A culture that emphasizes integrity, transparency, and accountability can promote a sense of responsibility among government officials.
  • Gender: The inclusion of women in anti-corruption initiatives can lead to more effective outcomes.
  • Tax Morale: Tax compliance is often driven by moral values rather than fear of punishment.

Types of Compliance


The review identified various types of compliance, including:

  • Tax Compliance: Adhering to tax laws and regulations.
  • Corruption Reporting: Disclosing corrupt practices and irregularities.
  • Code of Conduct: Upholding a set of ethical principles and standards.

Conclusion


The study highlights the importance of institutional instruments in combating corruption. By understanding the factors that influence compliance and promoting transparency, accountability, and integrity, governments can create an environment that discourages corrupt practices and promotes a culture of compliance.

Recommendations


  1. Prioritize Institutional Instruments: Governments should prioritize access to information and anti-corruption policies and legal frameworks.
  2. Implement Risk Assessment and Management Strategies: Risk assessment and management strategies should be implemented to prevent corrupt practices.
  3. Promote Cultures of Integrity: Cultures that emphasize integrity and transparency should be promoted.
  4. Inclusive Initiatives: Initiatives should include women and incorporate tax morale principles.

By adopting these recommendations, governments can create a more effective framework for combating corruption and promoting compliance.