Journals Journal of Money Laundering Control

Name
Journal of Money Laundering Control
Subjects
Cypriot society
Corruption in Cyprus
Transparency Cyprus
Economic crisis
ISSN
1368-5201
Description
Purpose – This paper aims to verify the perceptions of Cypriot society in relation to corruption. In an attempt to do so, 1,521 Cypriots participated between the months of September 2011 and October 2011 in the survey on the level of corruption in Cyprus. The survey was conducted by the organization “Transparency Cyprus”. Participants were 52 per cent female and 48 per cent male, age groups covered by 18 years until retirement, of whom 51 per cent work in the private sector, 16 per cent in the public sector, 24 per cent do not work, while 9 per cent work in semi-governmental organizations. Finally, 34 per cent are high school graduates, 37 per cent had higher education and 29 per cent hold a postgraduate university degree. The survey results show that corruption in Cyprus is considered by the vast majority of participants (86 per cent) as a serious problem and will also increase due to the economic crisis (79 per cent). The majority (93 per cent) of respondents believes that corruption and/or abuse of power for personal benefit exists and is widespread in most national politicians, in government officials in awarding public tenders (92 per cent) and in the police (90 per cent). Design/methodology/approach – In an attempt to verify the perceptions of Cypriot society in relation to corruption, 1,521 Cypriots participated between the months of September 2011 and October 2011 in the survey on the level of corruption in Cyprus. To analyze the results of the survey, the statistical package SPSS has been utilized. Findings – Seventy per cent consider corruption a major issue in Cyprus, while 60 per cent are being or have been affected by corruption directly. Almost all interviewees (92 per cent) believe that the police are also corrupted. Sixty-one per cent believe that not enough is being done to fight corruption, and in the cases that something was done, it was not enough. Seventy-five per cent blame the government, 67 per cent blame the police and 58 per cent blame the prosecutors and judges. Research limitations/implications – On the completion of the upcoming survey (for the year 2013), one can compare these results and identify the associations between the two surveys. Another limitation of this survey is that people could have answered based on their perceptions; therefore, the results should be treated with extra care. Originality/value – This research manuscript takes a step further to deepen our understanding of corruption in Cyprus. The findings of the survey performed could serve as policy prescription for the policy-makers who aim to strengthen the institutional environment in Cyprus. To do so, one should examine the current stage of the environment in Cyprus, something that this research paper explores through the survey conducted. © 2014, Emerald Group Publishing Limited.
Impact Factor (2 years)
0.37
Publisher
Emerald
Journal type
Hybrid Journal

Journals Publications
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Issue DateTitleAuthor(s)
120-Mar-2024Editorial: Modern slavery coming out of the shadow and its link to money launderingKrambia-Kapardis, Maria 
28-Jul-2014Corruption correlates: the case of CyprusAssiotis, Andreas ; Krambia-Kapardis, Maria