Tag Archives: Financial crime

Corruption serious threat to New Zealand #CAANZ

Anyone home at Dunedin City Council ?
[indicators only serve to show New Zealand hasn’t been properly measured and reported for corrupt practice in this and previous decades, dodgy as]

### Stuff.co.nz Last updated 14:30, September 17 2015
CAANZ: Rising corruption a serious threat to New Zealand
By Ellen Read
Rewarding whistle-blowers and ensuring companies have anti-corruption policies are just two things needed to help fight financial corruption and protect New Zealand’s reputation.

That is according to Chartered Accountants Australia New Zealand (CAANZ), which released a trans-Tasman report Are Australia and New Zealand corrupt? in Sydney on Thursday along with a strong message that complacency is not an option.

A high level roundtable is planned to follow the launch with New Zealand represented by Serious Fraud Office director Julie Read, Financial Market Authority head of enforcement Belinda Moffat and Suzanne Snively, head of Transparency International NZ.
While New Zealand ranked a healthy second in the 2014 Transparency International Corruption Perceptions Index, it was a slip from the top place it had held for many years. Denmark now holds the top spot. Australia is ranked 11th, the second consecutive drop.

“Not only do reports indicate that rates of corruption in [Australia and New Zealand] may be rising, we are also doing more business with countries that have different ethical frameworks from our own,” CAANZ president Fred Hutchings says in the report.

Of New Zealand’s top 10 trading partners two rank poorly in the Transparency International Index – China sits in 100th place (out of 176 countries surveyed) and Thailand at number 85.
There is no measure or estimate of how much corruption costs New Zealand each year but the CAANZ report singled out recent finance company collapses and director prosecutions as costly examples.
Read more

Stuff: Bribery and corruption report should be ‘a wake-up call’

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### charteredaccountantsanz.com 17 September 2015
NEWS
Calls for action in fight against corruption
Australia and New Zealand risk losing their global standing in anti-corruption efforts, prompting our calls for a holistic and sustainable approach to addressing bribery and corruption in the region. Corruption is on the rise according to our latest future[inc] publication, Are Australia and New Zealand Corrupt?, with both countries increasingly trading with countries considered to be corrupt.

Research suggests bribery and corruption has increased by upwards of 80% and both Australia and New Zealand have fallen in global rankings for transparency and corruption.

Chartered Accountants ANZ CEO Lee White said that while both Australia and New Zealand have traditionally traded on reputations of honesty and integrity, this reputation is at risk if the issue isn’t addressed, and steps put in place to mitigate the threat. […] The report suggests legislation alone will not stamp out corruption, but does outline a series of recommendations which could be adopted across Australia and New Zealand. Recommendations include compulsory anti-bribery and corruption policies in NZX and ASX listing rulings, regulation to prohibit the awarding of public sector contracts for those with past convictions, and a prohibition on rewarding public sector contracts to companies without corruption policies.
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Posted by Elizabeth Kerr

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Filed under Business, DCC, Economics, Geography, Media, Name, New Zealand, OAG, Ombudsman, People, Politics

ODT weekend mix —Lee Vandervis

Updated post Mon, 1 Jun 2015 at 1:37 p.m.

This weekend’s newspaper magazine has THAT face plastered over page one. The accompanying feature article (pages 6-8) is now available online.

Lee Vandervis knows that people either love him or loathe him and he doesn’t care. Kim Dungey finds out what drives Dunedin’s most controversial city councillor. Otago Daily Times

Lee Vandervis ODT 30.5.15 Mix p1 bw800

After five years in London working as an acoustic engineer and building mixing consoles for the likes of Stevie Wonder and Pink Floyd, he returned to Dunedin in 1981 and set up his own sound and lighting business.

Pink Floyd Published on Jun 25, 2014
Pink Floyd – Money (Official Music Video)
The official promo video for ‘Money’ by Pink Floyd, taken from the album ‘The Dark Side Of The Moon’.
Originally released in 1973, ‘The Dark Side of The Moon’ became Pink Floyd’s first number 1 album in the US, remaining on the chart for 741 weeks between 1973 and 1988. One of the best-selling and most critically acclaimed albums of all time, The Dark Side of The Moon also introduced the iconic album cover artwork by Hipgnosis, after a request for a ‘simple and bold’ design.
Music: “Money (2011 Remastered Version)” by Pink Floyd (Google Play • iTunes)

“I’ve had a ring from the chemist. He says you’ve bought these chemicals that could make a very large explosion.” –Mrs Vandervis, on her 11-year-old son’s decision to manufacture gunpowder.

ODT Mix 30.5.15 Lund Kerr on Vandervis p8 (3.1)Mix (page 8), ODT

Related Posts and Comments:
26.5.15 WCC’s free lunch for a car | Vandervis challenges DCC legal advice
24.5.15 Dunedin City not the only council with a code of silence
23.5.15 DCC rates rise | ODT editor nonplussed
21.5.15 Tomorrow’s newspaper —Cull on CST
21.5.15 DCC and LGNZ, total losers
20.5.15 What Audit NZ really says in DCC LTP consultation document….
19.5.15 DCC LTP must meet $68M budget shortfall over next decade
19.5.15 Ode to sickly DCC
17.5.15 Cr Vandervis on DCC project budgets
7.5.15 DCC Draft LTP 2015/16-2024/25 —public submissions online
6.5.15 Cr Vandervis gives mayor new desk ornament, with love
5.5.15 Subtle news….
4.5.15 Hmmmmmm #DCC
2.5.15 DCC … LEGAL to remove ELECTED Councillor voting rights ??
● 1.5.15 Cr Vandervis unlikely to quit several missions #coverup #naturaljustice
● 30.4.15 Burn Robbie Burn!
● 29.4.15 Cr Vandervis offers full (and conditional!) apology
● 29.4.15 The ol’ BP Gag treatment revisited….
● 28.4.15 Today at DCC in pictures
● 24.4.15 Before Council meeting tomorrow at 1:00 PM
● 24.4.15 Cr Vandervis replies to local newspaper
● 24.4.15 DCC re Dr Bidrose’s time as most senior Citifleet Manager
● 23.4.15 DCC severely FAILS councillor #naturaljustice #contempt
● 15.4.15 Cr Lee Vandervis: Open Letter to the DCC Code of Conduct Committee
18.3.15 Lee Vandervis releases emails #Citifleet investigation
17.3.15 DCC whistleblowing —what is open government ?
13.3.15 Cr Lee Vandervis: LGOIMA…. Citifleet Investigation – Deloitte Report
26.2.15 DCC and the day(s) of Madness
● 23.2.15 Lee Vandervis on DCC Code of Conduct process … #naturaljustice
● 15.2.15 DCC…. ‘CEO Bidrose confirms no Vandervis complaint with a hug’
● 6.2.15 Cr Lee Vandervis apology
● 5.1.15 DCC: Chairman denies true and correct Council record
19.12.14 Vandervis: Deloitte and Police Citifleet investigations
19.12.14 DCC Citifleet by email . . . . woops! (another timeline proof)
18.12.14 DCC: Deloitte report released on Citifleet #whitewash
24.10.14 DCC Citifleet, more revelations….
21.10.14 DCC Citifleet, undetectable….
3.10.14 Vandervis family residence #HistoricHeritage
1.9.14 DCC Fraud: Further official information in reply to Cr Vandervis
30.8.14 DCC Fraud: Cr Vandervis states urgent need for facts….

█ For more, enter the terms *vandervis*, *cull*, *bidrose*, *citifleet* or *deloitte* in the search box at right.

Posted by Elizabeth Kerr

7 Comments

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