Word: valerian
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Dates: during 2010-2019
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...Lots of business is secured and done in the developing world by nations and companies that adopt a so-called pragmatic tolerance of corruption," Valerian says. "When contracts are signed and money is made it benefits everyone - except local publics...
...returned to former Haitian dictator Jean-Claude Duvalier after his family appealed a lower court's decision to turn the money over to charities, arguing the statute of limitations on any purported wrong-doing had expired. Moreover, despite a 2005 U.N. convention setting legal requirements for fighting corruption, Valerian says many Western countries have been slow to apply the measures and tend to view corruption in the developing nations they deal with as being too rife and politically touchy to battle...
...long as mass corruption, dirty money and banking secrecy are not eradicated together as a single priority, you'll never defeat the sub-activity within that funding terrorism," says François Valerian, head of private sector programs at the Berlin-based anti-corruption organization Transparency International. "Western nations recognize the urgency to treat this problem when it involves terrorism, but they become more pragmatic when it's in the form of ordinary corruption bleeding entire countries...