Transparency International has released its 2019 Corruption Perception Index ranking, revealing that corruption tends to be higher in countries where big money flows freely into electoral campaigns and governments listen to wealthy individuals. From the 180 countries assessed, New Zealand, Denmark and Finland took the top 3 spots, while Syria, South Sudan and Somalia took the bottom 3. Meanwhile, Spain has amended its anti-corruption laws and developed solutions to detect and prevent corruption in its early stages. An Ethereum-based blockchain solution will allow legal transfer of crypto asset ownership, while an artificial intelligence application will enhance the detection of corruption and tax evasion. Speaking of corruption and wealth, Singapore’s wealth management industry has become a globally recognized financial center for establishment of trusts, with around 60 licensed trust companies.

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