All G20 resources on anti-corruption published on new web site, ACWG – FATF contemplates money laundering and beneficial ownership

A dedicated website has been launched collecting all the resources adopted by the G20 on anti-corruption over the years to make them more accessible.

The website was launched at the first meeting of the Anti-Corruption Working Group (ACWG) which also promoted a joint G20 ACWG-Financial Action Task Force (ACWG – FATF) meeting.

FIU participation

The ACWG – FATF meeting discussed new ways of strengthening beneficial ownership transparency for anti-corruption and anti-money laundering operations, including procurement transparency in the age of digital transformation.

The Egmont Group of financial intelligence units (FIUs) European Commission, Europol, Moneyval, Open Government Partnership and Open Contracting Partnership were lead speakers. The last meeting of this kind was in October 2016.

The working group reached consensus on the draft High Level Principles on Corruption related to Organised Crime, and claimed this to be a landmark for the global rule of law.

Customs integrity, ownership and laundering

Several of the G20 resources now available online focus on matters relevant to trade-based financial crime, including publications on beneficial ownership, money laundering and the integrity of customs operations.

Some resources focus on specific sectors, including the extractive industries and illegal wildlife trade.

The G20 anti-corruption resources website can be found here.

Categories: Trade Based Financial crimes News

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