Thursday, May 12, 2016

Corruption fuels extremism warning from London summit

World leaders have gathered in London for an anti-corruption conference hosted by British Prime Minister David Cameron and US Secretary of State John Kerry.  

Several initiatives have emerged from the summit….plans have been announced for a new global anti-corruption centre to be based in London, while the UK  will also force foreign firms that own property in the UK to publicly declare their assets.

Some of Britain's overseas territories and dependencies will start automatically sharing more information on company ownership with other countries signing up to the scheme, in a bid to crack down on tax avoidance and evasion.

There have also been warnings  that corruption fuels extremism as Natalie Powell reports from the summit. 


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