Australia’s decline in financial transparency increases corruption risk in Pacific region, says Transparency International

Transparency International updated its Corruption Perceptions Index for the Asia-Pacific region; Australia has shown one of the more significant declines in transparency during the past 10 years. This decline is due, in particular, to weakened lobbying regulations and the lack of a national integrity commission.

Transparency International highlighted that the decline could cause corruption risks in other countries in the Pacific because businesses working in Pacific countries are often registered in Australia. Transparency International called on Pacific Island governments, including Australia, to address corruption risks and strengthen anti-money-laundering laws.

New Zealand, Hong Kong, and Singapore scored best on the Index as regional entities.

Report - Transparency International