FALCON Project Unveils Policy Brief on High-Level Corruption
The FALCON project has released a detailed policy brief, 'High-Level Corruption: An Analysis of Schemes, Costs and Policy Recommendations', exploring corruption methods and their societal impacts. Funded by the European Union under Horizon Europe, the document is available in English on the FALCON website.
The policy brief delves into four key corruption areas: public procurement fraud, border corruption, sanctions evasion, and conflicts of interest among influential figures. It details various corruption methods, such as bribery, embezzlement, and forgery, with a focus on cross-border activities.
The document highlights the consequences of corruption, including distorted allocation of public funds, lower foreign investments, and reduced trust in public institutions. To address these issues, the FALCON project advocates for strengthening legal frameworks and harmonizing efforts among EU member states. It also suggests improvements in data collection, interoperability, and standardization to enhance corruption monitoring and prevention. New indicators for assessing corruption risks are proposed, utilizing high-quality administrative data and corporate information.
The FALCON project's policy brief serves as a comprehensive guide to understanding and combating high-level corruption. By providing in-depth analysis and practical recommendations, it aims to inform EU policy-making and strengthen the union's collective response to corruption.
