Global Arms Trade and Corrupt Officials

in Business Risk, Transnational Crime

According to author and researcher Andrew Feinstein, 40 percent of all corruption in world trade involves transactions in the global arms trade.

In addition, Transparency International estimates that the effects of corruption within the global defense industry is worth at least $20 Billion a year.

Source: “Q/A: Inside the murky world of arms dealing,” CNN, Security Clearence Blog, December 12, 2011.

Source: “Defence Against Corruption: Diagnosis-Facts and Figures,” Transparency International, accessed: March 7, 2011.

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