There’s a lot of attention to the laundering of “dirty money” – but very little about how clean money can be turned into bribes, kickbacks or payments to terrorists.
This Policy Paper was prepared by the B20 Brazil Integrity and Compliance Task Force. In this document, B20 members call for stronger actions from the G20 in 3 key areas:
- Recommendation 1: Encourage the implementation of integrity and anti-corruption measures to enhance responsible and sustainable governance in business.
- Recommendation 2: Stimulate Collective Action, engaging the Public Sector and value chains to uphold integrity.
- Recommendation 3: Promote ethical leadership to foster inclusive growth.
We are thrilled that anti-corruption Collective Action has received fresh impetus under the Brazilian presidency of the B20 – the voice of business of the G20 intergovernmental forum. This reflects a shift in mindset among global business leaders, towards recognising the power and necessity of multi-stakeholder collaboration for anti-corruption and integrity.
A new guide to non-conviction based forfeiture published by GAFILAT, the Latin American body of the Financial Action Task Force (FATF) sets out good practices for this powerful but under-used form of asset recovery legislation. It also emphasises the need for laws to align with both domestic constitutions and international human rights standards.
This blog was originally published on the FCPA Blog, which was discontinued in February 2024.
2023 was a mixed bag for the business integrity community. On the one hand, the B20 – the voice of business of the G20 forum of major economies – had no Integrity & Compliance Task Force under the Indian Presidency. That was a major missed opportunity for all of us who care about raising standards of business integrity around the world.
A medida que ampliamos nuestros esfuerzos para apoyar la Acción Colectiva contra la corrupción en América Latina, Andrea Prieto, especialista en el sector privado, hace un balance de las iniciativas existentes en la región. Ella y representantes de algunas de las iniciativas discutieron el enfoque de Acción Colectiva para combatir la corrupción en Lima, Perú, en la Octava Semana de la Integridad organizada por Alliance for Integrity.
As we expand our efforts to support Collective Action against corruption in Latin America, Private Sector Specialist Andrea Prieto takes stock of existing initiatives in the region. She and representatives from some of the initiatives discussed the Collective Action approach to fighting corruption in Lima, Peru at the Eighth Integrity Week organised by Alliance for Integrity.
Actors in grand corruption schemes often conspire and deliberately create sophisticated networks to extract huge amounts of public resources from government systems. They hide such conspiracies behind hybrid formal/informal arrangements.
Effectively managing conflicts of interest in the public sector is crucial to mitigate corruption risks. It is also fundamental to building well-functioning institutions and to generating trust in government. How are different states doing this? What models exist? What are the challenges?
To answer these questions, our new report analyses conflict of interest legislation and management in three case study contexts: South Korea, Brazil and the European Union.
This Working Paper presents international case studies of legal frameworks addressing conflicts of interest and highlights common challenges, opportunities and lessons for practitioners and other interested stakeholders. The report covers three contexts: two national (South Korea, Brazil) and one supranational (the European Union).