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UK is the most corrupt Country?

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Pussay Patrol Flag 30 May 16 12.19pm

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Hoof Hearted 30 May 16 1.07pm

I don't know about the UK being most corrupt but we do seem to be inundated with "Eminent Economists" predicting Armageddon after Brexit.

We've got a pack of Economic Students on here acting like Cameron's attack dogs FFS.

If it were true then I suppose it is futile trying to make a link with the fact that we have been invaded by hordes of Eastern Europeans since 1997 (thank you Tony Bliar ) without being deemed racist for even entertaining the possibility!

Judging the number of phishing emails I still receive from Nigeria it's hard to think of any country knocking them off their perch?

 

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View SloveniaDave's Profile SloveniaDave Flag Tirana, Albania 30 May 16 7.20pm Send a Private Message to SloveniaDave Add SloveniaDave as a friend

The measurement of course is in terms of involvement in the laundering of dirty money, so one corrupt person or organization can completely distort the overall picture.

In one sense the argument is therefore false - the UK is still one of the least corrupt countries in the world by most balanced measurements.

But that does not mean we can ignore the point and the reality that the financial institutions in London, our offshore dependencies, and also many US States, are a haven for dirty money. They accept it, they launder it and they make money from it.

We may not be corrupt, as a country, but we are certainly hypocritical. Which is worse?

 


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jamiemartin721 Flag Reading 31 May 16 9.35am

Originally posted by Hoof Hearted

I don't know about the UK being most corrupt but we do seem to be inundated with "Eminent Economists" predicting Armageddon after Brexit.

We've got a pack of Economic Students on here acting like Cameron's attack dogs FFS.

If it were true then I suppose it is futile trying to make a link with the fact that we have been invaded by hordes of Eastern Europeans since 1997 (thank you Tony Bliar ) without being deemed racist for even entertaining the possibility!

Judging the number of phishing emails I still receive from Nigeria it's hard to think of any country knocking them off their perch?

Whilst I agree with some of your issues, I'm not sure that 90% of this isn't a deviation from the subject, normally reserved for later in the thread life.

This thread isn't about the Referendum. Please avoid trying to make it another Brexit / Bremain (god I hate these terms) one.

 


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jamiemartin721 Flag Reading 31 May 16 9.46am

Originally posted by SloveniaDave

The measurement of course is in terms of involvement in the laundering of dirty money, so one corrupt person or organization can completely distort the overall picture.

In one sense the argument is therefore false - the UK is still one of the least corrupt countries in the world by most balanced measurements.

But that does not mean we can ignore the point and the reality that the financial institutions in London, our offshore dependencies, and also many US States, are a haven for dirty money. They accept it, they launder it and they make money from it.

We may not be corrupt, as a country, but we are certainly hypocritical. Which is worse?

I think it depends on how the term corruption is applied. Certainly, many western countries have practices such as 'donations' to political parties and lobbyists, as well as post-political career directorships to corporations that are questionable in terms of 'integrity'. Corruption is rife I suspect in most countries, its just more obvious in others.

By its nature, however, the financial market invites corruption and facilitates it. Its a necessity of money laundering, that black market income, re-enters the economy, and any financial economy is by necessity going to be facilitating that, and the entities involved prone to the affects of corruption and dirty money, by way of the individual incentives and pressure - Especially the more distanced it is from the source.

High level investment firms might be very wary about black market money, but once its 'grey' it becomes a lot easier to move. Of course its not just money, its as much about assets (as money tends to be converted in the washing process into something else).

My suspicion is that a 'lot of blind eyes' get turned once those assets and investments look vaguely legit or deniably in complicity. I suspect an investment company would look very closely a 'clear attempts to launder money' but not at 'grey market money' (mid-stage laundering).

 


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View johnfirewall's Profile johnfirewall Flag 09 Jun 16 12.39pm Send a Private Message to johnfirewall Add johnfirewall as a friend

All about the volumes of dirty money flowing through from abroad surely.

Corruption would be us making money from it but if we could levy extra tax on mansions bought by foreign criminals I'd absolutely approve it.

I'm note sure even the banks can be accused of turning a blind eye. We all know how well this is disguised, from the Panama Papers.

 

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DivingIsNotGood Flag se25 09 Jun 16 12.50pm

This should set you all straight the figures [Link]

 


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jamiemartin721 Flag Reading 09 Jun 16 1.46pm

Originally posted by johnfirewall

All about the volumes of dirty money flowing through from abroad surely.

Corruption would be us making money from it but if we could levy extra tax on mansions bought by foreign criminals I'd absolutely approve it.

I'm note sure even the banks can be accused of turning a blind eye. We all know how well this is disguised, from the Panama Papers.

Generally money laundering results in taxable revenue, in order to 'hide ill gotten gains' among legitimate sources of income, its usually necessary to pay taxation of some kind on illict income (as well as the corruption inherent in cleaning the money).

Its quite a lucrative area of criminality as well, as it pays well with remarkably low risks and low sentences.

 


"One Nation Under God, has turned into One Nation Under the Influence of One Drug"
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jamiemartin721 Flag Reading 09 Jun 16 1.49pm

Originally posted by SloveniaDave

The measurement of course is in terms of involvement in the laundering of dirty money, so one corrupt person or organization can completely distort the overall picture.

We may not be corrupt, as a country, but we are certainly hypocritical. Which is worse?

Also in terms of corrupt, it also is important to ascertain what you can and cannot buy with 'graft'. In the UK at least corruption, by criminal elements, seems to be 'in the background' more or less (where as my friend, in Italy bought a driving licence by paying a hundred and twenty euros to an employee of their equivalent of the DVLA at the office).

Individual corruption seems to be more the key, rather than wholesale corruption. But then I guess it could be that were so corrupt we don't even know it.

 


"One Nation Under God, has turned into One Nation Under the Influence of One Drug"
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View Dweeb's Profile Dweeb Flag East London 10 Jun 16 8.36am Send a Private Message to Dweeb Add Dweeb as a friend

Originally posted by jamiemartin721

Also in terms of corrupt, it also is important to ascertain what you can and cannot buy with 'graft'. In the UK at least corruption, by criminal elements, seems to be 'in the background' more or less (where as my friend, in Italy bought a driving licence by paying a hundred and twenty euros to an employee of their equivalent of the DVLA at the office).

Individual corruption seems to be more the key, rather than wholesale corruption. But then I guess it could be that were so corrupt we don't even know it.

I think you are right. UK non-political corruption is very small compared to most other countries. I know as an ex-civil servant of 35 years that when people where discovered to have been lining their own pockets the rest despised them and the service got rid usually through prosecutions.

 


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