Daily News Analysis

G20 Anti-Corruption Working Group

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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.

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ACQ IAS
ACQ IAS