“(1) In its resolution 55/61 of 4 December 2000, the General Assembly recognized that an effective international legal instrument against corruption, independent of the United Nations Convention against Transnational Organized Crime (resolution 55/25, annex I) was desirable and decided to establish an ad hoc committee for the negotiation of such an instrument in Vienna at the headquarters of the United Nations Office on Drugs and Crime (UNODC). The text of the United Nations Convention against Corruption was negotiated during seven sessions of the Ad Hoc Committee for the Negotiation of the Convention against Corruption, held between 21 January 2002 and 1 October 2003. The Convention approved by the Ad Hoc Committee was adopted by the General Assembly by resolution 58/4 of 31 October 2003. The General Assembly, in its resolution 57/169 of 18 December 2002, accepted the offer of the Government of Mexico to host a high-level political signing conference in Merida for the purpose of signing the United Nations Convention against Corruption. In accordance with article 68 (1) of resolution 58/4, the United Nations Convention against Corruption entered into force on 14 December 2005. A Conference of the States Parties is established to review implementation and facilitate activities required by the Convention.
(2) First International Forum on Tax and Crime ∙ Oslo ∙ 21-23 March 2011. Issues related to greater inter-agency co-operation were discussed by more than 150 delegates from 54 delegations who participated in the first tax and crime forum on 21-23 March 2011 in Oslo hosted by the Norwegian government. The conference brought together representatives from a range of OECD and non-OECD governmental agencies, including Tax Administrations, Finance and Justice Ministries, Financial Intelligence Units, Central Banks, FATF, International Organisations, as well as business and NGOs. Second International Forum on Tax and Crime ∙ Rome ∙ 14-15 June 2012. This Forum brought together senior policy makers from different government agencies including the tax, anti-money laundering and anti-corruption communities, as well as private sector representatives, NGOs and other interested stakeholders. Participants examined best practice approaches to closer inter-agency co-operation at the domestic level and explore how to improve international cooperation. The conference also showcased specific key risks in the tax and crime area, allowing countries to target resources and learn from the experience of others. Building on previous events in Oslo and Rome, the Third Forum on Tax and Crime provided an opportunity for senior government officials from tax and customs administrations, anti-money laundering and anti‑corruption authorities, police and law enforcement, public prosecutors, financial regulators and government Ministries, as well as international organisations and NGOs, to discuss current issues and country experiences on key policy and operational topics in combating all forms of financial crime.
(3) The 4th Joint African Union Commission/United Nations Economic Commission for Africa (AUC/ECA) Conference of African Ministers of Finance, Planning and Economic Development was held in 2011. This Conference mandated ECA to establish the High Level Panel on Illicit Financial Flows from Africa. Illicit financial flows out of Africa have become a matter of major concern because of the scale and negative impact of such flows on Africa’s development and governance agenda. By some estimates, illicit flows from Africa could be as much as US $50 billion per annum. This is approximately double the official development assistance (ODA) that Africa receives and, indeed, the estimate may well be short of reality as accurate data does not exist for all transactions and for all African countries.
Fronting means a deliberate circumvention or attempted circumvention of the South African B-BBEE Act and the Codes. Fronting commonly involves reliance on data or claims of compliance based on misrepresentations of facts, whether made by the party claiming compliance or by any other person. Verification agencies, and /or procurement officers and relevant decision-makers may come across fronting indicators through their interactions with measured entities. The B-BBEE Commission may also approach a court of law to restrain any breach or for any appropriate remedial relief, which may include setting aside the transaction or initiative. The B-BBEE Commission will not discuss the merit or the details of its investigative process, but the findings will be published as required in the B-BBEE Act.
Brazilian state-run oil company Petroleo Brasileiro SA reported its delayed third-quarter results Wednesday, but didn’t include an estimate for how much a vast corruption scandal has cost, a move that sent Petrobras shares tumbling.
The United Nations estimates that 4 in every 10 people will be African by the end of the century. With a burgeoning population and mostly positive economic a...
Leaders and celebrities flock to Switzerland to discuss Ebola, oil and banks at World Economic ForumSnow on the roofs of the ski chalets at the upmarket ski resort may be one of the defining images of Davos, but it will be the warming of the planet...
BEIJING (Reuters) - China's ruling Communist Party sacked a senior lawmaker who was under investigation for graft, China's anti-corruption commission said on Tuesday, the latest in a series of corruption...
8 million lacking required income level, says charity, as rising figure reflects cost of living and benefit cutsNearly four out of 10 households with children, or 8.1 million people, live below an income level regarded by the public as the minimum...
Intensive monitoring of social media accounts of female Britons based in northern Syria reveals women’s key new roleA hardcore of British women who have travelled to Syria to join Islamic State (Isis) are encouraging other women in the UK to carry...
Unless we wake up to the fact that wild inequality isn’t just an unavoidable byproduct of growth, the gap will keep on widening • Oxfam report says half of global wealth held by the 1%Who will look after the super-rich and think about their needs?
The corruption scheme in Brazil's leading corporation Petrobras could exceed 28 billion dollars, making it the largest corruption scandal that the country has ever seen.
Corporate counsels take note: The number of federal agents hunting for corrupt executives is about to surge. The Federal Bureau of Investigation’s foreign
The most important opportunity for a company to communicate an ethics and compliance message is training. The Board, senior executives, managers and employees are required to watch and hopefully interact with a training presentation....
World leaders, top business people and campaigners will be debating issues from climate change to political instability at the World Economic Forum this week Continue reading...
Archbishop of Canterbury said banks should make sure all sections of society had access to bank accounts and fee-free cash machinesThe archbishop of Canterbury, Justin Welby, has called on banks to put people before profit, accusing the financial...
MANILA, Philippines (AP) — Pope Francis called Friday for authorities to reject the corruption that has plagued this Asian nation for decades and urged them to instead work to end its "scandalous" poverty as he brought his message of social justice...
This month I wanted share an article I recently found on the OECD Foreign Bribery Report, written by Richard Bistrong. Mr. Bistrong is a former internatio
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