Corruption is not only a domestic concern. Corruption has no borders. Corruption does not discriminate against country size or wealth. Today, corruption is truly international. Transnational corruption is associated with organized crime, including the smuggling of weapons, precious materials and migrants, trafficking in human beings and especially with drug trafficking.
Corruption is as much an ethical and political problem as it is a market problem.
Unfortunately, there is also evidence that some businesses bribe customs, tax and procurement officials in order to smuggle goods, avoid tax payments and secure lucrative public sector projects. All this, however, results in lower government revenues, lower expenditures on its citizens and lower quality public infrastructure. Cross border money laundering of corruption proceeds in safe and secret foreign accounts also typifies the internationalization of corruption. Deals are made and funds are transferred overseas in a matter of seconds. Traditional control mechanisms can as easily be avoided as the new financial transfer technology is abused.