This typologies report on “Procurement Corruption in the Public Sector and Associated Money Laundering in the ESAAMLG Region” identifies three main things: the ways in which the procurement system is manipulated, the main players that abuse the system and finally the manner in which the ill-gotten monies are laundered.
The report concludes by accepting that ESAAMLG has a serious problem when it comes to public procurement corruption. Furthermore, the study was able, through making reference to finalized cases, to confirm that there is a link between money laundering and public procurement corruption. It is through these cases that various gaps and loopholes that are exploited by those that launder money stolen from the government fiscus were identified.
Numerous recommendations were made that could be implemented in a bid to combat this form of money laundering. These vary from agency level, to domestic level and even regional efforts that could be undertaken.
The ESAAMLG acknowledges the support of several public and private sectors in developing this report.
Download DocumentPosted: 15, Oct 19
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