International Anti-Corruption Commitments

Title of the document

G7 Action to Fight Corruption

(https://www.mofa.go.jp/files/0...)

Issuing body

G7

Brief description

The Action depicts commitment by G7 countries to lead by example in moving the global anti-corruption agenda forward.

Relevant excerpts

2 Strengthening Law Enforcement Cooperation on Corruption

Reaffirming that strengthening international cooperation among law enforcement agencies is a global imperative to effectively combat transnational corruption and to facilitate effective recovery of stolen assets, their disposal and social re-use, we will carry on making efforts through:

(a) Continuing to promote efficient and effective means for providing mutual legal assistance (MLA) and extradition of persons for corruption offences, consistent with applicable domestic and international instruments, while respecting the principle of the rule of law and the protection of human rights.

(b) With a view to facilitating MLA requests and other forms of international cooperation, promoting dialogue among practitioners which are particularly valuable in investigations of corruption, and coordination and cooperation on asset recovery through interagency networks, including regional networks where appropriate.

(c) Following up on asset recovery efforts of Arab countries and, applying the lessons learned in this effort to address global needs. In this regard, we will focus on promoting practical cooperation and engage financial centers in Asia and other parts of the world. In this context, we welcome proposals for a Global Asset Recovery Forum to be held in 2017, co-hosted by the United States and United Kingdom, with support from the joint World Bank and UNODC Stolen Asset Recovery Initiative (StAR), which will focus on assistance to Nigeria, Ukraine, Tunisia and Sri Lanka.

(d) Welcoming the proposal to establish an International Anti-Corruption Coordination Centre by interested countries as referred to in the Communique of the UK-hosted Anticorruption Summit.

(e) Encouraging information exchange, where appropriate and consistent with national law between law enforcement, regulators and the private sectors to prevent money-laundering and corruption, and exploring the sharing of information between public authorities across jurisdictions

4 Promoting Global Effort to Fight Corruption

(d) Enhancing transparency of beneficial ownership information to protect the integrity of the global financial system, and to prevent misuse of companies and legal arrangements including trusts for illicit purposes such as corruption, tax evasion and money-laundering, including through full implementation of individual action plans on beneficial ownership following the G7 and G20 commitments and by ensuring access, consistent with domestic legislation, to such information by all relevant competent authorities from law enforcements to tax administrations.