IT To Root-Out Corruption: Summary

By: Valerian Texeira

This Paper basically contends that; ‘almost all economic crimes popularly known as corruption, occurs primarily because of the economic system facilitating surreptitious or illicit money transactions. The cash money plays the key role, as it enables the unscrupulous people to make the illicit money transactions and keep it without leaving any concrete records or evidences so to escape from its public, legal scrutiny. It is also called as “Willful Hiding” or concealment of money. Thankfully the good news is that the Information Technology (IT) today with its innovative “Electronic (E)Money Transaction” including its most recent Near field Communication (NFC) mobile phone money transaction technology, if made mandatory in combination with ‘Biometric Identity’ in all bank accounts, can enable the Governments to root-out most economic crimes. Only if there is a political will to get it done’

See its PRINCIPLE document titled: “IT To Root-Out Corruption" in the previous post.

Last visited on 3-3-2011 to keep it in a working condition