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Law No.30/2002 on the Corruption Eradication Commission was passed in 2002, providing a legal basis for the establishment of the KPK. [7] [8] Since then, the commission has engaged in significant work, revealing and prosecuting cases of corruption in crucial government bodies reaching as high as the Supreme Court.
In January 2012, it was reported that Indonesia has lost as much as Rp 2.13 trillion (US$238.6 million) to corruption in 2011. A study conducted by Indonesia Corruption Watch , a non-profit organization co-ordinated by Danang Widoyoko, said that embezzlement accounted for most of the money lost and that “ government investment was the sector ...
A prominent example is the Wolfsberg Group and in particular its Anti-Money Laundering Principles for Private Banking and Anti-Corruption Guidance, requiring the member banks to adhere to several principles directed against money laundering and corruption. The mechanism is designed to protect individual banks from any negative consequences of ...