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.

International Year of the Woman Farmer

The United Nations General Assembly's declaration of 2026 as the International Year of the Woman Farmer marks an important milestone in recognizing the pivotal role women play in global agricu
Share It

Mental Health Coverage in India

India has made significant strides in integrating mental health treatment into its health insurance policies, following the Mental Healthcare Act, 2017 and the IRDAI directive, which now mandates
Share It

India and EU

The recent UK-EU agreement presents a Eurocentric framework that primarily benefits European integration but also holds substantial implications for India in terms of both opportunities and challe
Share It

Paris Agreement

India’s progress on its climate commitments under the Paris Agreement has been commendable, with significant achievements in areas like non-fossil fuel capacity, carbon sinks, and emissions
Share It

cooperative and fiscal federalism

India’s journey toward cooperative and fiscal federalism over the past decade has resulted in significant changes in the relationship between the Centre and state governments. The shift towa
Share It

The Evolving Landscape of Warfare

The recent asymmetric strike by Ukraine, Operation Spiderweb, which involved long-range drone assaults on Russian air bases, offers critical insights into modern warfare. This operation not only h
Share It

India-Maldives

India’s Prime Minister’s participation as the guest of honor at the 60th Independence Day celebrations of the Maldives represents a significant reset in bilateral relations, offering a
Share It

Insolvency and Bankruptcy Code (IBC)

The Insolvency and Bankruptcy Code (IBC), which was introduced in 2016, was designed to streamline and strengthen India’s insolvency resolution process. However, recent developments suggest
Share It

Bay of Bengal

India’s maritime ambitions in the Bay of Bengal are central to its geopolitical and economic strategies, but there are several challenges that need to be addressed to strengthen its leadersh
Share It

The Great Nicobar Project

The Great Nicobar Project is a massive infrastructure overhaul that has emerged as a focal point for India’s strategic and developmental ambitions. Piloted by NITI Aayog, the project is valu
Share It

Newsletter Subscription


ACQ IAS
ACQ IAS