Corrupt Practices Research Articles

Analisis Pembangunan Ekonomi Kapitalis Dalam Film Berjudul “Wolf Of Wall Street”

This research focuses on the mechanisms of the world system which is characterized by the dominances of capitalism practices, an economic mechanisms with capital as the main thing in the process. The circulation of capital is forbid to stop, because it would be caused an economic disaster on a global scale. In the global hierarchy, world systems theory divides the world into two groups of countries. Groups of developed and groups of developing countries. Determining the most ideal thing to manage the economic process towards sustainable development. Through descriptive qualitative research methods, it is hoped that we can project the social setting of research that will be used to formulate answers about ideal strategies for developing countries to face capitalism as a world system. One way is by increasing local productivity. In an effort to increase productivity, of course the quality of human resources are needed, along with a bureaucracy that is free from corrupt practices. The realization of sustainable development will constructs a way for developing countries to empower their existence against the domination of developed countries.

Asset Recovery via Non-Conviction based Forfeiture: Rationale for Regulation and Recommendations for Implementation in Vietnam

Abstract Recovering stolen assets through non-conviction based forfeiture is one of eight avenues for asset recovery due to corruption outlined in the United Nations Convention against Corruption. Implementing legislative measures to confiscate criminal property through non-conviction based forfeiture is among the 40 recommendations of the Financial Action Task Force. Vietnam formally signed the United Nations Convention against Corruption in 2003 and, while holding an associate membership status in the Financial Action Task Force, Vietnamese legislation lacks provisions enabling the application of this measure. The magnitude of financial and asset losses attributable to corruption remains substantial, rendering existing legal mechanisms ineffectual. Limited success of asset recovery through criminal judgments were taken into account nonetheless, the current national situation calls for more stringent and emergent practices. Grounded in understanding the efficacy of non-conviction based asset recovery mechanisms, this research paper underscores the necessity for Vietnamese law to incorporate such provisions to combat corrupt practices and proposes actionable recommendations for its adoption. The study seeks to enhance Vietnam’s legal framework concerning asset recovery methodologies for more favorable outcomes in the future. Furthermore, it aims to serve as a credible resource for the global academic community, shedding light on Vietnam’s legal landscape and anti-corruption efforts. The findings of this study also benefit developing nations, particularly those in the process of formulating regulations about non-conviction based asset recovery measures.

A Move towards Improving Good Governance in Kenya- Roles of Citizens in Promoting Good Governance

Aim: Governance is at the very apex of human society, wherein, the success of every facet of human life is anchored highly on improved government that is answerable to the needs and interests of the citizens. Good governance, therefore, impacts immensely on human life, as it creates conducive political, social, and economic environments for human survival and development. Every citizen is thereafter able to feel part and parcel of decision-making and all the activities and programs of the government. This paper, sought to articulate the role and obligations of citizens towards improving good governance in Kenya. Methods: The research is grounded upon a theoretical perspective using the literature drawn from various scholars from the year 2014 to 2024. The paper relied on secondary sources such as books, journals, reports and government records through government anti-corruption agencies. Results: Views from stakeholders such as government anti-corruption agencies, private sector, civil service organization, among others are considered. However, the people of Kenya in their diversity have been left aside in almost all the reviewed literatures, something which the paper believe is the reason for the word “mitigate corruption” instead of end corruption. The paper thereby, after perusing these literacy records from 2014 to 2024, is convinced that the people have cardinal role to play to end corruption. Conclusion: The study conclude that people’s involvement is required for any genuine move toward realizing the envisaged good governance in Kenya. Recommendations: A framework that allows the people to be at the center of decision-making in government’s activities should be sought. People must refuse manipulation and ethnic party politics, enforce the implementation of Kenyan 2010 constitution, and report any corrupt practices regardless of who is the victim. More studies should be conducted especially on the roles of citizens in ending not mitigating corruption.

The coloniality of power in Uganda's Nakivale Refugee Settlement: struggling for humanitarian authority amidst the 2018 corruption scandal.

This paper addresses the complexity of studying the coloniality of humanitarianism and present-day relationships of power and authority in refugee settings. Building on 13 months of fieldwork, it presents an ethnographic account of the 2018 refugee corruption scandal in Uganda and the Nakivale Refugee Settlement. The core of this paper's argument is based on a grounded analysis of how 'the saga' not only exposed corruptive practices in the country's refugee programme, but also the meanings of being 'human' and what this implies for making claims to humanitarian authority. The paper asserts that the way in which the scandal unravelled in the (inter)national media, and how it affected sociopolitical tensions in the camp, revealed a deeply fraught conception of both human and humanitarian duality, embedded in a coloniality of power. Ultimately, power imbalances, frictions, and conflicts between national, international, and refugee actors highlighted a deep-rooted and historical struggle for humanity and legitimate humanitarian authority.

Corrupt practice and sustainability reporting: Lifecycle perspective

AbstractThe study employs a lifecycle perspective to investigate the relationship between corrupt practices and sustainability reporting. The final sample is composed of 1388 firms from four European countries, namely France, Germany, UK, and Sweden. Data were retrieved from the Thomson Reuters database from 2015 to 2022. The findings revealed that corruption significantly reduces sustainability disclosure across different life cycle stages, albeit with varying magnitudes, perhaps due to the misallocation of resources and lack of incentives. The findings also showed that the detrimental effects of corruption on sustainability reporting is most profound during the “Shake‐Out” stage of a company life cycle. By adopting a lifecycle perspective, the research offers a new and in‐depth understanding of corruption's impact on environmental disclosure, offering policymakers and regulators valuable insights into enhancing environmental and sustainability practices.

Internal Audit in the function of preventing corruptive activities in the public sector of the Federation of Bosnia and Herzegovina

Abstract The public sector of the Federation of Bosnia and Herzegovina (FBiH) from the aspect of complexity and comprehensiveness, includes all levels of government established within the state government, public companies, and the insurance system including: pension, health and social. The importance of performing duties and obligations in a transparent manner, and the possibility of detecting warning factors for corrupt activity are especially important in the public sector. Corrupt activities at all levels of the state structure of Bosnia and Herzegovina (BiH), as well as fraudulent behaviour and abuses within it, are precisely the consequences of the complexity of the state system, and the impossibility of efficient and rational use of public funds. Adequately organized, in accordance with the law, and accepted as such by employees within a certain public sector organization, internal auditing contributes to more efficient operations and prevention of corrupt practices. The aim of the subject research is to look at the process of functioning of the internal audit in the public sector of FBiH in the field of prevention of corrupt activities. The results of the research indicate the non-functioning and non-establishment of the internal audit in the manner specified by law, as well as the inadequate implementation of its recommendations, degrading and derogating its role, importance and contribution in the prevention of corrupt activities in the public sector of FBiH.

Governance, Corruption and Underdevelopment in Nigeria’s Fourth Republic

Governance is a series of public activities that entail making choices in the public interest for the well-being of a nation. Corrupt practices have polluted these activities. Corruption in Nigeria is not just widespread but also systemic and responsible largely for the country’s underdevelopment. The main objective is to probe the implications of governance and corruption on development in Nigeria’s Fourth Republic utilizing qualitative research design and content analyses. The paper is guided by Social Learning Theory (SLT) propagated by Albert Bandura arguing that corruption is pervasive in Nigeria because people watch and learn from those in positions of governance. The study traces the foundation of corruption in governance from the colonial era and relates with the dimensions of corruption to governance in Nigeria, from where the justifications, motivations and implications of corruption are identified and discussed, and concludes that corruption in governance has undermined economic growth and development, worsened social services, neglected environmental pollution, challenged peace and security, heightened electoral frauds and scared foreign investments. It recommends the reappraisal of the anti-corruption strategy among others.

Review of the Factors Leading to Corruption in Russia

This article examines the major factors leading to corruption in Russia. We explore the historical, economic, social, political, and cultural factors influencing the formation and strengthening of corrupt practices. To this end, the impact of the Soviet era and periods of transformation on management structures and public mentality, creating the preconditions for corruption, is examined in the context of history. In the economic aspect, the lack of competition, inefficiency of the labor market and weakened property protection, which contribute to corruption schemes in public institutions, are discussed. The educational and cultural systems are investigated in the context of the formation of the mentality of society and its attitude towards corruption. Insufficient attention to ethics in education and the normalization of corrupt practices in culture can help maintain corruption. When analyzing the structural features of public administration, problems in the system of control, transparency and responsibility are identified that pose a threat to the effective fight against corruption. Political aspects, including the lack of separation of powers and the presence of corrupt political elites, which may contribute to corruption at the decision-making level, are also explored. We proposed theories of historical/political influences on corruption and the theory of the control and responsibility system.

Membangun Sistem Hukum Pancasila Yang Merdeka Dari Korupsi Dan Menjunjung Hak Asasi Manusia (Ham)

Developing a legal system based on Pancasila that is free from corruption and upholds human rights (HAM) is an important challenge in strengthening the foundations of democracy and justice in Indonesia. A legal system based on Pancasila values ​​must be able to provide fair and equitable protection for all citizens in the country, while maintaining independence from corrupt practices that damage and affect the integrity of legal institutions. On the other hand, upholding Human Rights (HAM) must also be a top priority in efforts to ensure justice and dignity for every individual. In achieving these goals, concrete steps need to be taken. Firstly, in-depth legal reform is needed to align legal regulations with Pancasila values, strengthen the independence of law enforcement institutions, and increase transparency and accountability in the justice system. Second, eradicating corruption must be the main focus, by implementing very strong anti-corruption policies, strengthening law enforcement institutions, and encouraging active community participation in monitoring and preventing corruption. In addition, the government's efforts to protect Human Rights (HAM) must be increased through strict law enforcement against human rights violations, strengthening institutions for the protection of Human Rights (HAM), and increasing public awareness about human rights. This is important to ensure that every individual has equal access to justice and legal protection, without discrimination or oppression.

Tolerance for corruption and descriptive social norm: An experimental study of embezzlement.

Public tolerance for corruption within a society significantly influences the prevalence of corrupt practices, but less is known about how this tolerance evolves with social norms. This paper presents experimental evidences demonstrating that the descriptive social norm indicating widespread corruption can lead to increased tolerance for corruptive acts. We introduce an asymmetric information ultimatum game to simulate the interactions between embezzlers and citizens. Game theoretical analysis reveals that victims anticipating corruption will exhibit greater compliance with embezzlement when the offers are evaluated based on descriptive norms. To test the hypothesis, we employ a framing effect to induce variations in descriptive norms within a behavioral experiment. Although the treatment effect is significant only in the subgroup of student cadres, this subgroup demonstrated increased beliefs about embezzlement, greater tolerance for corruption, and a heightened propensity to embezzle when exposed to framings with hierarchical implications. This paper contributes to the corruption literature by examining the effects of descriptive norms on victims' responses to embezzlement. It offers a more comprehensive perspective on how social standards shape public opinions and corrupt actions, enhancing our understanding of the self-reinforcing nature of corruption.

Combating Corruption in Nigeria: A Case Study of Public Prosecution under Buhari’s Administration (2015-2023)

The menace of corruption in Nigeria has lingered on for years, the conscious awareness towards this malady has gained prominence over the years, to the extent that the main opposition party, All Progressive Congress (APC), ascended to power in the 2015 General Elections, emerging victorious at the polls with anti-corruption campaign, echoed by the change mantra. This study dissected the much-anticipated fight against corruption in the eight years of Muhammadu Buhari’s APC led administration; it unravels that the principle The menace of corruption in Nigeria has lingered on for years, the conscious awareness towards this malady has gained prominence over the years, to the extent that the main opposition party, All Progressive Congress (APC), ascended to power in the 2015 General Elections, emerging victorious at the polls with anti-corruption campaign, echoed by the change mantra. This study dissected the much-anticipated fight against corruption in the eight years of Muhammadu Buhari’s APC led administration; it unravels that the principle of rotation of power with its patron-client network and identity politics are enablers of corruption in Nigeria. Similarly, it is posited that plea bargain constitutes a huge hindrance to the successful eradication of corruption in Nigeria, just as the poor reward system for career public office holders constitutes a challenge to the fight against corruption in Nigeria. The study concluded that the Buhari administration’s fight against corruption, although had Nigerians filled with hopes from inception, could not achieve much in the end with the anti-corruption Caesar (Ibrahim Magu) removed in what appears as a power play. We recommend the establishment of institutional mechanisms to prevent corruption, review of reward system for public officers, creation of credit system to facilitate citizens’ immediate access to meeting their needs, prosecution of civil/public servants who are complicit in corrupt practices, and compensation of whistleblowers, among other measures.

The Trace of Professionalization in the South African Public Service Amendment Bill and Public Administration Management Bill: A Comparative Analysis

The South African public sector has over the years seen erosion of professionalization and proliferation of corruption which is perpetuated largely through supply chain management processes. Politicians, officials, and business people are equally involved in the corrupt practices and more than anything it is driven by greed and indifference to the needs of the poverty-stricken communities. What is even worse is that the money stolen is meant to serve poor people and is stolen by relatively rich people. Erosion of ethical governance in the public sector has directly affected professionalization of the public service. Employees who do not qualify or meet the requirements are appointed to positions of authority so that they can pay back to those who appointed them through tenders. These corrupt officials become untouchable and cannot be disciplined even if there are proven allegations on financial misconduct. Corruption also erodes professionalization by chasing away true professionals from the public sector. That is the reason why many South African professionals are leaving the country and relocating to countries like Australia, New Zealand, etc. The South African government has tried through legislation to combat corruption in the public service and promote professionalization, but it is still too early to see if these attempts are successful or not. It is for this reason that this study focused on tracing professionalization in the Public Service Bill and Public Administration Management Bill. The comparative analysis revealed that the Public Service Bill can identify and address strategic and systemic challenges that will inhibit professionalization of the public sector and put some mechanisms to deal with those challenges. Whilst the Public Administration Management Bill is not necessarily criticised for not being upfront with the reforms that will help professionalization, its focus by its very nature is the administration and management of the provisions of the Public Service Act. It therefore remains to be seen if there will be any changes brought about by these amendments when they are accented into law by the President. The research was able to trace the elements that promote and support professionalization in the two Bills. However, it remains to be seen if, once these Bills are accented into law, they are implementable and can achieve the objectives of the respective amendments. On the main the two Bills aim to eradicate political interference from administration. The recommendation is that all parties involved (politicians and officials) should respect these two pieces of legislation and implement them as they are for the benefit of the public service.

Pengaruh Budaya VOC Menumbuhkan Korupsi di Kalangan Penguasa Indonesia di Era Kolonial

Indonesian history records the important role of the Vereenigde Oost-Indische Compagnie (VOC) in shaping culture and government systems. The VOC, a Dutch trading company, was dominant in the colonial era, controlling territory that is now part of Indonesia, Malaysia and Singapore. In its influence, the VOC not only brought Western culture but also expanded corrupt practices in Indonesia. This study uses qualitative research methods with a focus on literature study. Data was obtained through analysis of primary and secondary sources, as well as interviews with historians. This approach allows for an in-depth understanding of VOC culture and the impact of the corruption it initiated. Corruption started by the VOC is still a continuing problem in Indonesia because it has affected culture, social structure and government. Efforts to overcome this problem require hard and consistent work from the government and society. The VOC's influence not only introduced corruption during the colonial period, but also left a lasting legacy that influences Indonesia to this day. This corruption has become integrated into the culture and system of government, requiring continued efforts to overcome its impacts.

Enhancing governance through anti-corruption strategies: Exemplary approaches and obstacles

The article examines the fight against corruption in contemporary public administration, specifically analysing the factors that affect the effectiveness of anti-corruption measures in the context of globalization and rapid technological development. One crucial aspect of successful anti-corruption policy is studying and applying best practices. This includes analysing the experiences of other countries and implementing international standards. Relevant government bodies should designate effective methods for detecting, preventing, and responding to corruption. The development of transparent and effective institutions is considered the foremost priority in anti-corruption management. Attention is drawn to the role of independent anti-corruption bodies in ensuring the effective functioning of the system. The research also focuses on interaction with the public and the role of citizens in the anti-corruption process. Ways to enhance civic awareness, legal culture, and active citizen participation in the fight against corruption are identified. An additional aspect of the analysis is the study of international experience and partnerships in anti-corruption programs. The paper evaluates the effectiveness of international cooperation and the implementation of best practices from other countries in combating corruption. It also identifies the main challenges that arise in implementing anti-corruption policies during times of war, such as resource shortages, the impact of globalization on corrupt practices, and adapting to changes in modern society. Developing strategies to overcome challenges is necessary to improve anti-corruption policy and create an effective system for combating corruption in all areas of society.

The Implementation of Good Governance for Optimizing the Potential Corruption Prevention in the Development of the Nusantara (IKN)

The decision to develop the Archipelago Capital (IKN) as the capital city of Indonesia is one of the state political decisions that has a big vision towards a Golden Indonesia 2045. As a project with a large and complex budget, its financial management must be carried out in an accountable manner, free from corrupt practices, and supported with a strict monitoring system so that it can run by prioritizing the principles of good governance. Therefore, IKN development policies and regulations must be in line with these principles and objectives. This study aims to describe the current condition of IKN development related to the potential for corruption, opportunities, and obstacles in preventing it. So, this study can produce policy recommendations that can be implemented in the implementation of IKN development. The legal research method used in writing this thesis is a normative juridical research method, with a statutory approach. The research uses qualitative analysis using primary and secondary legal data/material sources. Data/legal material processing activities begin with collection, analysis, and presentation, then formulated and presented systematically and descriptively according to the respective subject matter. The results of the study show the potential for corruption in the institutional aspects of the IKN Authority which are still weak in supervision, financing schemes that are vulnerable to conflicts of interest, and the implementation of IKN development where the procurement of goods still has the potential to give rise to bribery and conflicts of interest. This makes the development of IKN not in line with the principles of good governance. So, to prevent potential corruption in IKN development, better prevention optimization is needed in these three aspects, both in the preparation of clauses in regulations and the formation of institutions. It is hoped that this will enable the IKN project to run efficiently, effectively, and without corrupt practices occurring.

E-Procurement in the Procurement System for Goods/Services by the Government in Indonesia: Perspective of Saddu al-Dhariah

This research is motivated by the release of Presidential Regulation No. 16 of 2018 concerning the Procurement of Goods/Services, which has three important stages: preparation, selection, and implementation. The issuance of this presidential rule aims to enhance the utilization of products from local Micro, Small, and Medium Enterprises (MSMEs). In the age of digitization, the Indonesian government has developed an electronic-based system known as e-procurement for the acquisition of products and services. This enhances the efficiency, effectiveness, competitiveness, transparency, fairness, accountability, and integrity of the procurement process, while also ensuring it is free from corrupt practices. This study aims to examine the e-procurement system in Indonesia through the lens of the fiqh principle of saddu al-dhariah, with the goal of mitigating corrupt practices in the procurement of products and services. The main data in this study revolves around Presidential Regulation No. 16 of 2018. Secondary data is derived from multiple sources including case studies on the procurement of goods and services, as well as publications and reports published by the Government Goods/Services Procurement Policy Institute (LKPP). The study findings suggest that e-procurement adheres to the principle of saddu al-dhariah by effectively mitigating state losses and enhancing government operational efficiency. The general public reaps advantages from this approach as it leads to a surge in the sales of domestic MSME products. Nevertheless, LKPP must persist in monitoring this mechanism to prevent any discussions conducted by parties with personal or collective interests.

Audit Committee Remedial Actions and Regulatory Outcomes following FCPA Investigations

SUMMARY This study examines audit committee (AC) remedial actions in firms investigated for a likely bribery-related violation of the Foreign Corrupt Practices Act (FCPA). Specifically, we study the relation between AC remedial actions and regulatory outcomes of an FCPA investigation. We consider three types of AC remedial actions: AC turnover, adding a newly elected director to the AC, and replacing the AC chair. These actions are not associated with the likelihood of a regulatory investigation concluding in an enforcement action. However, in firms that face enforcement actions, adding a newly elected director is associated with lower monetary penalties, a shorter resolution time, and a lower likelihood of an independent FCPA monitor being required. Additional analyses suggest that these results are driven by firms in which the newly elected director is appointed as the AC chair. Overall, this study adds to the literatures on regulatory cooperation and audit committees.

Corruption in Formal Adult Education in Nigeria: Implications for Sustainable National Development

This position paper took a cursory view of corruption, examined adult education, assessed corruption in formal adult education and highlighted the implications for sustainable national development in Nigeria. The paper concluded that concerted efforts must be put in place in order to curb the menace of corruption in adult education. Adult education is the poorest sector in education in terms of allocation of financial resources. Government allocates meagre financial resources annually to adult education organizations, yet corrupt financial practices are perpetrated by the operators of adult education institutions in Nigeria. There is equally the challenge of cheating in examination and examination malpractice. These have stifled the developmental needs of the country to be provided by adult education. It was suggested that the EFCC and ICPC should beam their searchlight on adult education sector of education with a view to recovering stolen funds arresting and prosecuting offenders of embezzlement and misappropriation of education funds; adult learners found guilty of corrupt practices should have their admission revoked; adult educators found guilty of the monetary extortion should be relieved of their jobs; and government should make it as a point of duty to allocate 3% of her education budget to adult education annually.

Bribe-Switching

The US Foreign Corrupt Practices Act (FCPA) prohibits the payment of bribes to foreign public officials. We uncover an unintended consequence—the shadow economies of the countries of these officials increase after FCPA enforcement. Our hypothesis is that corrupt officials may be switching to taking bribes from illegal markets. We find that one case of FCPA enforcement alone increases the shadow economy by as much as 0.27 percentage points (pp), tree loss—an indicator of illegal logging—by 0.027 pp, and trade misinvoicing by 0.5 pp. Our results suggest the need to harmonize anti-corruption policies across all sectors—legal and illegal.

Legal analysis of the merits of electronic transferable records: toward cross-border trade digitalization

Purpose The basis for this study on electronic transferable records (ETRs) in the context of digitalizing cross-border trade is established in this chapter. It illustrates how the growing trend toward paperless trade and technological improvements is changing trade operations. This chapter focuses on the need to look into ETRs because of their capacity to influence business transactions while navigating complex legal issues. The specific goals of the study are outlined, including a review of the advantages, legality, difficulties and best practices of ETRs. This study aims to shed light on the possible advantages and disadvantages of ETRs, the legal framework that controls their use and the best practices for their efficient implementation. This study also seeks to provide informative recommendations for businesses and people that are considering using ETRs. Design/methodology/approach This study explores the evolving world of ETRs and their crucial function in international trade. Multidimensional technique is used to examine the transformative potential of ETRs from a variety of research angles. The research design is based on a comprehensive evaluation of the literature that includes a wide range of reliable sources, including academic papers, business reports and legal documents. The comprehensive retrieval of essential material is ensured through keyword searches in renowned academic databases and industry resources. The qualitative synthesis of secondary sources further enhances this methodology and allows for a complex examination of the implications of ETRs. The case study analysis provides practical information on the benefits, hazards and practical applications of ETRs. Multifaceted aspects are uncovered via a thematic approach and qualitative investigation, including potential advantages, hazards, implementation plans and regulatory frameworks. Findings ETRs offer a range of potential advantages for cross-border trade, encompassing augmented efficiency, reduced costs and heightened security. Nonetheless, their implementation also presents legal challenges and risks, spanning security and privacy concerns, legal ambiguities and technical complexities. Consequently, it is crucial for individuals and businesses to meticulously assess and mitigate these risks through the integration of robust security protocols, staying informed about legal developments and adhering to pertinent regulatory stipulations. In spite of these hurdles, the trajectory of ETR adoption is anticipated to remain on an upward trajectory, driven by increasing recognition of their potential benefits and the concurrent evolution of legal frameworks and technical standards. Research limitations/implications Research limitations included the following: lack of adoption of ETRs internationally; and legal diversity and different legal systems results in different consideration of the ETRs. It makes reaching a unified ETR system more difficult. Practical implications It is necessary to develop clear policies and procedures and establish well-defined policies and procedures governing ETR use. These should encompass security guidelines, data protection measures and adherence to legal mandates. Regular review and updates are imperative. Stay current on legal developments: In light of the continuously evolving legal and regulatory landscape pertaining to ETRs, businesses and individuals must stay abreast of pertinent changes and seek professional counsel when necessary. Collaborate with partners and stakeholders: To ensure harmonization and standardization in ETR deployment, active collaboration with partners, regulators and industry associations is vital. Social implications Enhance awareness and education: Investment in awareness and educational initiatives is crucial. Decision-makers should organize training programs, workshops and seminars to enhance understanding of ETRs’ potential benefits in cross-border trade among stakeholders. Socially, the use of ETR can achieve several political advantages for the society. It minimizes risks of corruption through enhancing tracing and auditing abilities for relevant authorities making it more difficult to engage in corrupt practices. That can promote integrity within government and public procurement system. Originality/value The development of standardized technical frameworks and interoperable platforms for ETRs could enhance their seamless integration into existing trade systems. Additionally, investigating the integration of emerging technologies like blockchain, IoT and AI into ETR ecosystems could unlock innovative solutions to security, authenticity and data management concerns. This study examines how ETRs can radically alter how trade is conducted on a global scale. This paper examines ETRs’ role in improving cross-border trade digitization by examining their advantages, legal difficulties and implementation techniques. The conclusions will aid firms, decision-makers and attorneys in navigating the constantly changing world of trade agreements. The study’s ultimate goal is to offer takeaways that support effective, secure and legally compliant integration of ETRs, ensuring that they operate as a catalyst for improved global trade efficacy and efficiency.