Political financing regulation is a body of principles, rules and procedures through which parties attempt to limit the undue influence of money in politics. In most countries state bodies such as governmental departments, national electoral commissions, specialised financing monitoring bodies were entrusted or created to monitor and enforce political and financial regulations. <p>The list of corrupt practices experienced in Asia and Europe associated to party and election financing is widely known to decision-makers and the public at large: favouritism and malpractice in public procurement, distortion of privatisation processes, selective licensing, abuse of public resources for campaigning, creation of slush funds in state-owned enterprises and public bodies etc. </p>