Where did all the money go? Trinidad and Tobago has been identified as one of the countries involved in illicit offshore activities.
The OECD reported that only one country — Trinidad & Tobago — had failed to comply with international transparency standards. The OECD said it did not have a big financial sector and was not deemed a significant risk.
An aggressive Anti-Corruption Commission can play a vital role in tackling systemic corruption by investigating and prosecuting corrupt individuals and holding them accountable for their actions.
Corruption erodes public trust in institutions and governments. By actively pursuing corrupt practices, an aggressive Anti-Corruption Commission demonstrates a commitment to transparency, accountability, and the rule of law. This can help restore public trust in the government and other key institutions, fostering a sense of justice and fairness in society.
It will act as a deterrent to potential corrupt individuals and creates a strong disincentive for engaging in corrupt activities. Knowing that there are serious consequences and a high likelihood of being caught and punished can discourage corruption in the first place, leading to a more ethical and accountable society
Corruption often distorts market dynamics and creates an uneven playing field for businesses and individuals. By actively investigating and prosecuting corruption cases, an Anti-Corruption Commission ensures fair competition and helps create an environment where businesses can thrive based on merit rather than illicit practices. This can attract investment, stimulate economic growth, and benefit society as a whole.
Corruption often disproportionately affects vulnerable populations, depriving them of access to essential services and resources.
Conclusion
An aggressive Anti-Corruption Commission is necessary to combat systemic corruption, restore public trust, deter corrupt practices, level the playing field, enhance international cooperation, and protect vulnerable populations. By actively addressing corruption, such a commission contributes to the overall development and well-being of a society.
Corrupt Corporations In Trinidad and Tobago
- ROCKLY BAY LIMITED
- ARIES PACIFIC LTD.
- ROUGHTRIP INTERNATIONAL LIMITED
- Blue Dreams Global Inc.
- OSYL TRADING LIMITED
- CHARLIE'S MEATS LIMITED
- TRINIDAD & TOBAGO INSURANCE LIMITED
- MCCANN ERICKSON (TRINIDAD) LIMITED
- LONSDALE ADVERTISING LIMITED
- CHANCELLERIE INVESTMENTS LIMITED
- COLONIAL FIRE AND GENERAL INSURANCE COMPANY LIMITED
- JOHN-WILLIAMS CONSTRUCTION COMPANY LIMITED
- COLONIAL LIFE INSURANCE COMPANY (TRINIDAD) LIMITED
- COATES BROTHERS (CARIBBEAN) LIMITED
- GERVETTE LIMITED
- AMCO LIMITED
- CONSOLIDATED APPLIANCES LIMITED
- ROOKS REFRACTORY CONTRACTORS LIMITED
- CLAIRIC INVESTMENT COMPANY LIMITED
- BRISTOL MYERS SQUIBB (WEST INDIES) LTD
- MARNI LIMITED
- SKYLINE FREIGHT & MANAGEMENT LIMITED
- CARIBBEAN INSTITUTE OF FORENSIC INVESTIGATIONS LIMITED
- TRINIDAD TEXTILE MANUFACTURING COMPANY LIMITED
- EMILE ELIAS & COMPANY LIMITED
- REPUBLIC BANK LIMITED
- SPANCRETE CARIBBEAN LIMITED
- RBC MERCHANT BANK (CARIBBEAN) LIMITED
- CHINA JIANGSU INTERNATIONAL CORPORATION TRINIDAD AND TOBAGO LIMITED
- HAFEEZ KARAMATH CONSTRUCTION LIMITED
- TRINIDAD CEMENT LIMITED
- ZOETT ENTERPRISES (BARBADOS) LTD
- TRINIDAD ENTERTAINMENT RESTAURANT AND PROMOTIONS LIMITED
- EDUCATIONAL MEDIA SERVICES LIMITED
- GENERAL FINANCE CORPORATION LIMITED
- N.E.M. (WEST INDIES) INSURANCE LIMITED
- CARIBBEAN INSURANCE COMPANY LIMITED
- ALSTONS MARKETING COMPANY LIMITED
- SKINNER DRILLING (CONTRACTORS) LIMITED
- YORKE STRUCTURES LIMITED
- TRAINX LIMITED
- BWIA INTERNATIONAL AIRWAYS LIMITED
- SYMMETRY (TRINIDAD) LIMITED
- BANK OF COMMERCE TRINIDAD AND TOBAGO LIMITED
- GLENN TUCKER TRUST LIMITED
- THE BEACON INSURANCE COMPANY LIMITED
- CITICORP MERCHANT BANK LIMITED
- CARIBBEAN INDUSTRIAL AND MEDICAL SERVICES LIMITED
- BWIA WEST INDIES AIRWAYS LIMITED
- ENGINEERING AGENCIES LTD.
- REPUBLIC FINANCE & MERCHANT BANK LIMITED
- M-I TRINIDAD LIMITED
- ILLUMINAT (TRINIDAD & TOBAGO) LIMITED
- EMMANUEL CABLECOM LIMITED
- GUARDIAN LIFE OF THE CARIBBEAN LIMITED
- GUARDIAN HOLDINGS LIMITED
- RBC ROYAL BANK (TRINIDAD & TOBAGO)LIMITED
- CARIBBEAN GROUND LTD.
- DEVELOPMENT FINANCE LIMITED
- MASSY HOLDINGS LTD.
- CHRISTIAN A. FARFAN & SONS LTD.
- ACLA:WORKS LTD.
- FIRST CITIZENS BANK LIMITED
- ISLAND FINANCE TRINIDAD & TOBAGO LIMITED
- ERNST & YOUNG PROFESSIONAL SERVICES LIMITED
- MARJORAM SERVICES LIMITED
- BELLABEE PROPERTIES LTD.
- SOUTH COAST TWO LIMITED
- SOUTH COAST ONE LIMITED
- SAPPHIRE211 INTERNATIONAL LIMITED
- BESTON CONSULTING LIMITED
- CARIBBEAN HIV AIDS ALLIANCE
- MAXROI INCORPORATED
- COMMNETT CARIBBEAN LTD
- LOD INVESTMENTS INC.
- CABBAGE TREE (BARBADOS) LIMITED
- YUCCA LIMITED
- SUREWAY WEIGHT LOSS CLINIC LTD.
- S & C INVESTMENTS (BARBADOS) LIMITED
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