In this update:
- G20 leaders make it harder for the world’s corrupt to hide
G20 leaders have taken a concrete step to make it harder for the world’s corrupt to hide, with the adoption in Brisbane of new G20 High Level Principles on Beneficial Ownership Transparency. It is a ‘high priority’ pledge.
The G20 considers financial transparency, in particular the transparency of beneficial ownership of legal persons and arrangements, is a high priority.
Corruption continues to represent a significant threat to global growth and financial stability. To support the G20 growth and resilience agenda, the Anti-Corruption Working Group (ACWG) commits to focus its work on where it can best add value to existing international efforts to reduce corruption and enhance transparency.
Building on the G20 High-Level Principles on Corruption and Growth, the ACWG plans to ensure that the G20 anti-corruption agenda directly supports the G20’s core growth and resilience agenda, particularly by focusing on actions that enhance investment environments and support the G20 work on investment and infrastructure, tax, development and trade.
Raising global growth to deliver better living standards and quality jobs for people across the world is the highest priority. The commitment is to work in partnership to lift growth, boost economic resilience and strengthen global institutions.
A date for your diary!
MELBOURNE, SYDNEY, PERTH & BRISBANE: 4 December – Launch of the TI Corruption Perception Index 2014: more information to follow.
TI Australia e-Update #193
TI Australia is the Australian national chapter of Transparency International (TI), an international not-for-profit organisation devoted to curbing corruption worldwide. The TI Australia e-Update is a monthly update giving information on the fight against corruption in Australia and worldwide. Coloured and underlined text indicates a live internet link – click on the link to view the document.
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