Daily News Analysis

G20 Anti-Corruption Working Group

stylish_lining

G20 Anti-Corruption Working Group

 

  1. The Action Plan is guided by the political declaration of the United Nations General Assembly (UNGASS) against corruption.
  2. The ACWG focuses on promotion of international cooperation in the areas of
    1. Asset recovery
    2. Law enforcement cooperation
    3. Information-sharing
    4. Technology
    5. Denial of safe haven/entry
  3. The ACWG also seeks to continue building its cooperation and engagement with relevant international organizations and bodies, in particular UNODC, OECD, FATF, WB and the International Monetary Fund (IMF).
  4. The WG also commits to effectively implement the United Nations Convention against Corruption (UNCAC) as the most comprehensive legally binding universal instrument to prevent and combat corruption.
  5. Substantive priorities included in the ACWG:
    1. Public sector transparency, integrity and accountability
      1. Strengthen transparency, open data and good governance, including in public procurement and the management of public finances.
      2. Establishment or reinforcement of protection frameworks for witnesses and whistle-blowers.
    2. Private sector transparency, integrity and accountability, anti-money laundering and beneficial ownership transparency
      1. Promote good practices in business integrity
      2. Anti-corruption ethics and compliance programmes
      3. Address the misuse of legal persons and arrangements such as shell companies for corruption
      4. Promote regulatory and supervisory regimes for banks and non-bank financial institutions
    3. International cooperation, denial of safe haven and asset recovery
      1. exchange good practices on legislation, cross-border information-sharing and operational procedures between nations.
      2. Implement anti-corruption safeguards in investment immigration policies to prevent corrupt actors seeking safe haven.

Environmental CSR

India has established a strong corporate governance framework through the Companies Act, 2013, which made Corporate Social Responsibility (CSR) mandatory for eligible companies. This was intended
Share It

Global Corruption

The Transparency International Corruption Perceptions Index (CPI) 2025 highlights a worrying global trend of rising corruption and weakening governance systems. The global average score has fallen
Share It

Washington Consensus

The Washington Consensus (WC), once regarded as a dominant framework for economic policymaking, is now increasingly seen as outdated in a multipolar, digital, and geopolitically fragmented world.
Share It

AYUSH Opportunity

The 2026–27 Union Budget and the India–EU Free Trade Agreement (FTA) have opened a new chapter for Ayurveda and other traditional systems of medicine. These developments indicate a shi
Share It

Water Paradox in India

On World Water Day (22 March), it is vital to reflect on India’s contradictory relationship with water. Despite being culturally revered as sacred, water is economically undervalued and envi
Share It

Defence Forces Vision 2047

The Defence Minister of India has unveiled the “Defence Forces Vision 2047: A Roadmap for a Future-Ready Indian Military.” This document has been prepared by the Headquarters Integrate
Share It

China’s Xiaokang Villages

India’s military leadership has raised concerns over China’s large-scale construction of around 628 “Xiaokang” villages along the Line of Actual Control (LAC). Reports sugg
Share It

India’s Federalism

The phrase “double-engine sarkar” has become a popular election slogan in recent years. It refers to a situation where the same political party governs both at the Centre and in a Stat
Share It

Public Spaces

Recent data from the National Crime Records Bureau Crime in India 2023 report shows a rise in cases where Scheduled Castes (SCs) were denied access to public spaces under the Scheduled Castes and
Share It

Institutional Erosion

Recent political developments, such as a no-confidence motion against the Lok Sabha Speaker and a notice to impeach the Chief Election Commissioner, indicate deeper systemic concerns rather than isola
Share It

Newsletter Subscription


ACQ IAS
ACQ IAS