Only 43% of Countries Disclose Public Officials’ Financial Assets, Says World Bank

by Sabrina I. Pacifici on November 11, 2012

News release: “Financial disclosure laws requiring public officials to file a statement of their assets, liabilities and interests can make corruption easier to detect. However, a new World Bank database finds that although 78 percent of countries covered by the database have financial disclosure systems, only 36 percent systematically check public servants’ disclosures for irregularities and inconsistencies. To support countries in their fight against corruption, the World Bank is launching the Financial Disclosure Law Library to help policymakers and practitioners establish strong financial disclosure systems. The Library compiles over 1,000 laws and regulations on financial disclosure and restrictions on public officials’ activities from 176 countries.”

Posted in Legal Research

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