In case you missed it

Banking and Finance

ANZ Bank’s New Zealand CEO Hisco Departs After Expenses Review Bloomberg

ANZ claims safety threat led it to hide Hisco’s mansion address The address of the $7.5 million Auckland mansion bought by ANZ for now-departed chief executive David Hisco was kept off the public record because he feared for his safety. The Companies Act requires all directors to list their home address on the public Companies Register, which is designed to promote transparency in business. But the ANZ Bank New Zealand Companies Register entry only lists Hisco’s residential address as: “Held By Registrar, Auckland, 1010 , New Zealand”. Stuff.co.nz.

How much more is ANZ obliged to divulge over the David Hisco affair?

ANZ chief executive leaving following review of personal expenses The chief executive of ANZ, David Hisco, is leaving the company amid an internal review of personal expenses, the bank announced.

International

Parliament agrees to align with OECD tax transparency rules The Swiss parliament has decided to eliminate anonymous shares in private companies amid international pressure to increase transparency around taxation.

OECD claims tax transparency initiative delivers ‘impressive results’ The automatic exchange of tax information under the common reporting standard are improving tax compliance and delivering concrete results for governments worldwide, the OECD said, citing new data released last week.

Andrew Mitchell and Justine Greening back calls for foreign loan transparency Former international development secretaries among 50 British MPs urging introduction of tighter regulations on disclosure

Tax information sharing causes 25% drop in IFC bank deposits: OECD The findings suggest that exchange of information is promoting tax compliance and reducing offshore hidden wealth.

UK crown dependencies agree greater tax transparency Guernsey, Jersey and the Isle of Man plan by 2023 to publish the currently secret information on ownership of companies registered in the UK crown dependencies, they announced Wednesday, heeding calls for greater tax transparency.

New G20 principles on whistleblower protection must be urgently implemented The G20 High Level Principles for Effective Protection of Whistleblowers was endorsed at the G20 Summit, held in June in Osaka. These are a welcome acknowledgement of the crucial role whistleblowers play in bringing wrongdoing to light, and the retribution they often face. G20 countries should now move quickly to turn words into action, and pass national legislation that matches or goes beyond the level of protection recommended by the Osaka principles.

New Beneficial Ownership Toolkit will help tax administrations tackle tax evasion more effectively The first ever beneficial ownership toolkit has been released by the Organisation for Economic Co-operation and Development (OECD). The toolkit is intended to help governments implement the Global Forum’s standards on ensuring that law enforcement officials have access to reliable information on who the ultimate beneficial owners are behind a company or other legal entity. This approach makes it harder for criminals to hide their illicit activities behind opaque legal structures.

Supporting Whistleblowers with GIFs and Stickers To celebrate World Whistleblowers Day — 23 June 2019 —  a set of GIFs and Stickers were created to use on your favorite social media platforms.

Combating graft is key to Asean growth Prime Minister Tun Dr Mahathir Mohamad led the Malaysian delegation for three days at the 34th Asean Summit from June 20 in Bangkok. Corruption was on the agenda to ensure future growth and prosperity in this region.

New Zealand transparency, integrity and accountability

Online ethical leadership course a first for New Zealand With the ethics of business, political and sporting leaders under scrutiny globally, Victoria University of Wellington is offering a free online course in ethical leadership as part of its programme of Massive Open Online Courses (MOOCs) that is a first for the country.

Time to regulate the lobbyists Recent revelations around lobbyist-turned-chief-of-staff GJ Thompson reinforce the urgency for change, writes Kate Nicholls. Opinion thespinoff.co.nz.

Twyford not upfront about Ministerial meeting National’s spokesperson for Local Government (Auckland) Denise Lee says.“The Housing and Urban Development Minister met with Environment Minister David Parker and Auckland Mayor Phil Goff on March 2, 2019. This meeting was included in Minister Parker’s diary release but not Phil Twyford’s. National Party Release on scoop.co.nz

Time for an independent stand-alone watch dog commission Press Release – Maori Council. The New Zealand Maori Council has opened a public discussion on whether it is time New Zealand moved with the times when it came to a stand-alone body to investigate corruption and the misuse of office by Public officials.

Government rejected a code of conduct for staff in 2013 The government has been told it could have avoided the abuse and bullying revealed in the Debbie Francis review of Parliament if it had listened to recommendations in Transparency International New Zealand’s 2013 National Integrity System Assessment to enforce a code of conduct five years ago. RNZ, TINZ quoted

New Police report sheds light on data often asked about New Zealand Police releases report that proactively shares answers to common data requests made under the Official Information Act. Our Data – Your Asked Us is based on the most frequent data requests made by members of the public under the Official Information Act, and is informed by data available on policedata.nz.

Audit firms pour cold water on transparency Attempts to find out the quality of audit work done by the country’s largest financial service firms have been blocked by the industry, despite them disclosing their regulatory performance in Australia.

‘Hidden’ currency conversion fees costing Kiwis billions New Zealand consumers and businesses have paid $5 billion in fees and “hidden charges” to banks and others just to transfer money between different currencies over the past five years, according to a study paid for by British-based company TransferWise.

Pacific

Transparency group says Solomons govt plan too ambitious Transparency International Solomon Islands says the government has promised more than it can deliver with the release of its 100 Day Plan. RadioNZ

New chairman for TIPNG Transparency International PNG (TIPNG) has a new Chairman. He is Peter Aitsi, MBE.

PNG police minister calls for probe into Maseratis deal Papua New Guinea’s Police Minister is pushing for an investigation into the procurement of luxury cars for last year’s APEC summit. Rnz.co,nz.

French Polynesia’s president facing corruption charges in court French Polynesia’s president is due in court today accused of abusing public funds.

Sport

New Zealand Government Justifies Ongoing Racing Sports and Racing Industry Reforms AP: insert source identity. Reforms which relate to the racing industry and sports funding will not result in losses for sporting organisations in the country, says Grant Robertson, Sport and Recreation Minister. On the other hand, Racing Minister Winston Peters has also defended the shortened public consultation process at a time when Transparency International NZ has strongly criticised it after claiming that the period of five days available for public submissions is not long enough.

Senior New Zealand football official banned by FIFA for bribery and corruption Former FIFA committee member and Oceania Football secretary general Tai Nicholas has been slapped with an eight-year ban from all football-related activities and fined $75,000 by FIFA.

Government moves to allay concerns from sporting organisations over racing industry reforms Sport and Recreation Minister Grant Robertson is promising that reforms of the racing sector and sports funding will not lead to national sporting organisations, including NZ Rugby and NZ Cricket, losing out. Racing Minister Winston Peters defends the truncated process for public consultation, despite criticism from Transparency International NZ that the five-day period for public submissions is too short.

Transparency International

Two principles Open Government Partnership needs to embrace to end corporate secrecy Scratch the surface of any of the big cross-border corruption scandals of the last decade — the Russian, Azerbaijani and Troika laundromats, Lava Jato — and it won’t take too long to discover the critical role of shell companies, and the anonymous individuals behind them, in facilitating corruption on a vast scale.

Trade unions and civil society call on G20 to protect whistleblowers Transparency International is one of more than 400 civil society organisations urging the G20 to protect whistleblowers from retaliation, in a joint call with trade unions from across G20 countries.

Transparency International New Zealand

Transparency International NZ in scoop.co.nz

Assessment of the integrity of the NZ financial system Press Release: Transparency International NZ in scoop.co.nz

NZ politics vulnerable to corruption – Transparency International Corin Dann speaks to the organisation’s chair Suzanne Snively, beginning with the Official Information Act and how its being used.

Wellness Budget

Wellbeing Budget: More than half a billion dollars for Māori and Pasifika More than half a billion dollars – $593m – was allocated for Māori and Pacific communities over four years in Budget 2019.stuff.co.nz

Wellbeing Budget 2019: The great Spinoff hot-take roundtable The stakes are high for Grant Robertson’s much heralded Wellbeing Budget in the year of delivery. What are the expert verdicts?

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