International Anti-Corruption Commitments

Title of the document

High-Level Principles on asset disclosure by public officials

Issuing body

G20

Brief description

Recognising the diversity of asset disclosure systems among G20 countries, these principles aim to provide high-level guidance to G20 Members wishing to establish, review, or enhance their legislative and/or administrative standards for asset disclosure of public officials, irrespective of the objectives pursued.

Relevant excerpts

The following high-level principles are based on the APEC Principles for Financial/Asset Disclosure by Public Officials and are consistent with the UN Convention Against Corruption, the OECD Guidelines for Managing Conflict of Interest in the Public Service and the results of the World Bank and the StAR Initiative analysis on financial disclosures. By endorsing these principles, G20 countries would both take concrete steps to implement their commitments and further the APEC leadership in outlining core attributes for effective financial disclosures regimes.

G20 members are invited - while fully respecting elementary laws and rights of their officials - to ensure that their asset disclosure systems are:

1. Fair

2. Transparent

3. Targeted at senior leaders and those in at-risk positions

4. Supported with adequate resources

5. Useful

6. Enforceable