Despite significant investment in anticorruption instruments in the past decades, confusion about their effectiveness remains. While a growing body of scholarship claims that anticorruption reforms have generally failed, other scholars have shown that particular anticorruption tools may actually work. A likely explanation for these puzzling outcomes is that public administration research holds a mistaken view of corruption, and improperly selected anticorruption strategies often target the wrong type of corruption. To overcome this problem, this article proposes a four‐cell typology of corruption, reflecting two critical dimensions along which most corrupt behaviors occur: the resource transfer and the primary beneficiary. Synthesizing recent research developments, this article introduces a new conceptualization of corruption that integrates perspectives from several disciplines. It also offers a series of propositions concerning how each corruption type could be fought. The article concludes with implications for research and practice.