Corruption in Cyprus

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This page examines corruption in Cyprus.

Extent[edit]

The government of Cyprus has in theory made some progress in fighting against corruption, and one of them is the amendment to its Criminal Code in 2012 which provides the Criminal Law Convention on Corruption[citation needed]. The strong and independent judicial system is able to ensure the protection of property rights; therefore, foreign investors do not consider corruption a pressing issue for doing business in Cyprus.[1] However, a whistleblower protection law is needed in the country in order to ensure an effective anti-corruption measure. It is also important to note that money-laundering remains a serious problem in the country. In addition, corruption scandals involving politicians from major political parties are not uncommon and when these get uncovered, little to no effort in taken to pursue them. The usual “defense” employed by accused politicians, involves official statements indicating that “they know too much” and if their case is pursed, they will uncover dirt involving other political party members. [2]

According to 2016 results of Corruption Perception Index of Transparency International, Cyprus ranks 47th place out of 176 countries.[3] 2013 Global Corruption Barometer report of TI shows that 72% of respondents believe that level of corruption increased in Cyprus[4]

See also[edit]

References[edit]

  1. ^ "2013 Investment Climate Statement - Cyprus". The US Department of State. The US Department of State. Retrieved 17 November 2013. 
  2. ^ "Snapshot of the Cyprus Country Profile". Business Anti-Corruption Portal. GAN Integrity Solutions. Retrieved 17 November 2013. 
  3. ^ "Corruption Perception Index 2016". 
  4. ^ e.V., Transparency International. "Cyprus 2013 - World's largest opinion survey on corruption - Transparency International". www.transparency.org. Retrieved 2017-06-22. 

External links[edit]