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Denmark’s Overseeing Role in Greenland and the Faroe Islands: A Review of Responsibility for Policing, Judiciary, Company Law, Accounting, Auditing, Mineral Resource Activities, Immigration, Border Controls, Environment, and Financial Regulation

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Copenhagen, Denmark - The relationship between Denmark and its overseas territories, Greenland and the Faroe Islands, has been a topic of interest in recent years. While both territories have made significant strides in terms of governance and anti-corruption efforts, there remain concerns about the lack of transparency and accountability in certain areas.

Corruption Concerns

A 2016 survey conducted by Transparency International (TI) Greenland found that 63% of respondents believed that the government was not doing enough to combat corruption. This sentiment is echoed by experts who point to a lack of transparency in public procurement processes and the extractive industries sector.

Vulnerabilities to Corruption

Greenland

The autonomy from Denmark has led to a lack of adoption of anti-corruption regulations and rules.
Foreign bribery regulations do not extend to Greenland, making it a potentially attractive jurisdiction for companies looking to avoid Danish money laundering laws.

Faroe Islands

While having gained home rule in the 1940s, also faces vulnerabilities to corruption and illicit financial flows.
A recent report found that Faroese companies were able to circumvent EU sanctions on trade with Russia due to their non-EU status.

Denmark’s Anti-Corruption Efforts

Denmark has a long history of anti-corruption legislation and public sector integrity.
The country is party to several international conventions, including the United Nations Convention against Corruption and the Council of Europe’s Criminal Law Convention on Corruption.
Domestically, corruption is criminalised under sections 122 and 144 of the Criminal Code.

Need for Greater Transparency

Despite Denmark’s anti-corruption efforts, there are still concerns about the state of reactive transparency in the country’s public sector. Experts point to the need for greater accountability and transparency in areas such as:

Company law
Accounting
Auditing
Mineral resource activities
Immigration
Border controls
Environment
Financial regulation

Conclusion

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As Denmark continues to oversee Greenland and the Faroe Islands, it is crucial that both territories adopt robust anti-corruption measures to ensure transparency and accountability in their operations. The lack of transparency in certain areas has led to concerns about the potential for corruption and illicit financial flows, which could have far-reaching consequences for the regions and beyond.

Denmark’s Anti-Corruption Efforts: A Review of the Country’s Legal and Institutional Framework
Corruption in Greenland and the Faroe Islands: A Growing Concern for the Region
The Importance of Transparency and Accountability in Company Law, Accounting, Auditing, Mineral Resource Activities, Immigration, Border Controls, Environment, and Financial Regulation

About the Author

[Name] is a journalist with [Publication Name], covering issues related to governance, anti-corruption efforts, and international relations. She has written extensively on topics such as transparency, accountability, and corruption in Denmark, Greenland, and the Faroe Islands.