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  • PROBLEM (Now & Then)

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    The document discusses corruption in the past and present. In the past, limited access to information and education hindered efforts to combat corruption, which was often seen as inherent to governance. In the present, increased literacy, education, social media, investigative journalism, and civil society organizations have empowered citizens to challenge corruption and expose scandals, driving reforms through demands for transparency and accountability. A recent case involved $81 million stolen from Bangladesh's bank being laundered through a Philippine bank.

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    PROBLEM (now & then)

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    The document discusses corruption in the past and present. In the past, limited access to information and education hindered efforts to combat corruption, which was often seen as inherent to governance. In the present, increased literacy, education, social media, investigative journalism, and civil society organizations have empowered citizens to challenge corruption and expose scandals, driving reforms through demands for transparency and accountability. A recent case involved $81 million stolen from Bangladesh's bank being laundered through a Philippine bank.

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    6 views2 pages

    PROBLEM (Now & Then)

    Uploaded by

    trp78pstp8
    The document discusses corruption in the past and present. In the past, limited access to information and education hindered efforts to combat corruption, which was often seen as inherent to governance. In the present, increased literacy, education, social media, investigative journalism, and civil society organizations have empowered citizens to challenge corruption and expose scandals, driving reforms through demands for transparency and accountability. A recent case involved $81 million stolen from Bangladesh's bank being laundered through a Philippine bank.

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    CORRUPTION (PAST)

    BCCI Scandal (1991)


    The Bank of Credit and Commerce International (BCCI) was found to have laundered money for
    drug traffickers, terrorists, and arms dealers. The bank was eventually shut down by regulators
    and several individuals were convicted of money-laundering and other crimes.

    RJR Nabisco (1992)


    The tobacco and food conglomerate RJR Nabisco was accused of money laundering in
    connection with the sale of cigarettes to organized crime figures in Russia. The company
    eventually settled the case with the government for $15 million.

    Corruption in the past: Limited access to information and education hindered public awareness
    and engagement in combating corruption. Citizens often felt resigned to the presence of
    corruption, perceiving it as an inherent part of governance.

    CORRUPTION (PRESENT)

    Money laundering

    In 2016, the government investigated the biggest documented case of money-laundering in


    Philippine history – where about $81 million stolen from the Bank of Bangladesh's account at
    the Federal Reserve Bank of New York was coursed through Rizal Commercial Banking
    Corporation (RCBC), converted into pesos.

    Corruption in the present: Increased literacy rates, improved education, and the advent of social
    media have empowered citizens to challenge corrupt practices. The rise of investigative
    journalism, whistleblower protections, and civil society organizations has exposed corruption
    scandals and mobilized public opinion. Citizens' demand for transparency and accountability
    has become a driving force for reform.

    Solution: Improved integrity in our justice system. To improve the integrity of our justice
    system, there should be a collaboration among the DOJ, Office of the Ombudsman, PNP, NBI,
    courts, and the civil society to uphold justice in our country.prevent, identify, and look into crime.
    Utilize actionable analytics to spot trends of potentially fraudulent conduct and safeguard
    program integrity and resources. To identify, stop, and reduce fraud, analyze data. Reduce
    unauthorized contributions to safeguard programs and concentrate investigation efforts on the
    areas with the greatest risk.

    Strengthen Regimes to Prevent Corruption and Bring Corrupt Actors to Justice.

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