Financial Transparency Coalition

According to Transparency International’s 2013 Global Corruption Barometer, Liberia ranked #1 in the world. And the Liberian population, with an outstanding 96%, believes that their legislature was corrupt. Global Financial Integrity estimates that the country lost an average of US$1 billion per year to illicit financial flows from 2001-2010. This comes despite Liberia’s President Sirleaf’s promise to “debilitate the cancer of corruption” in 2006.

Last month, Transparency International released a study (via Corruption Currents) citing how Romania is susceptible to corruption. These conditions create a potential breeding ground for corruption that could not only adversely affect the Romanian Government, but the European Union as well. They focused on four major issues: